Be
aware of credit card "liability shift"
Does
your business accept credit cards? You may already know of the recent update to
a new style of cards embedded with microchips. This new technology, also known
as EMV (for Europay, MasterCard, Visa), makes credit card fraud more difficult.
Your business is not required to move to the new technology to process these
cards. But you should be aware that as of October 1, 2015, your business is
responsible for some fraudulent transactions that were previously covered by
the cardholder's bank. Give us a call for details.
No comments:
Post a Comment