March 26, 2015TSG Press

TSG survey finds just 34% of merchants in the US will be EMV-ready by October 2015

The Strawhecker Group (TSG) released survey results today showing only 34 percent of US merchants will be EMV-ready by the October 2015 deadline, and just 53 percent of merchants are expected to be fully compliant by 2017 – more than 15 months after the deadline. EMV, or “Europay, MasterCard, and Visa,” is a globally accepted card standard that uses an embedded microchip to provide unique data protection when the card is inserted into a chip-card reader. Most card accepting US merchants may be liable for fraudulent transactions if they are not “EMV compliant” by October 1, 2015.

Click for the press release: http://www.businesswire.com/news/home/20150326005917/en/Ready-U.S.-Merch…

Click for the infographic: https://gallery.mailchimp.com/fdd15cca0b92ae5a85c1daf76/files/EMV_How_Re…

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