Retailers are you ready for the EMV deadline? The statistics say no!

The new EMV Chip Technology is more secure than magnetic card readers and will reduce credit card fraud.

 59% of retail locations will be EMV-compliant by the end of 2015.

 70% of U.S. credit cards will be EMV cards by the end of 2015.

 22% of small retailers will be compliant by the deadline

 10% of retailers still have no knowledge of EMV or the deadline

 29% of small retailers will upgrade their credit card processors before the deadline

 46% don’t want to pay for a new EMV terminal

 41% are concerned about the liability shift if they don’t become compliant

 5 to 8: Seconds is how much longer than magnetic stripe reader transactions will take. You and your employees will doubtless have to show customers how to dip instead of swipe to keep checkout lines moving.

23% of small retailers believe that EMV compliance is unnecessary (This is very troubling)

The new EMV Chip Technology is more secure than magnetic card readers and will reduce credit card fraud.