INTERNET MARKETING

 

 
INTERNET MARKETING

Protecting Critical U.S. Businesses  (Sep 2018)

The U.S. and Mexico Reached A Free Trade Agreement  (Sep 2018)

Unique SEO Articles Will Enhance Your Small Business  (Sep 2018)

 Evaluate Fertilizer Decisions To Maximize Profit

It will replace NAFTA Canada To Eliminate Class 7 Barrier, Allow More U.S. Access To Dairy Market

B2B Buyers Place A High Priority on DIY Customer Service

 States With No Corporate Income Tax Rate
 Ohio
Nevada
South Dakota
Texas
Washington
Wyoming 
Key Economic Indicators 
Item  Rate 
CPI: 0.1% (Sep 2018) 
GDP Growth:   4.2% (2nd QTR 2018)
Bank Prime Interest Rate:   5.25%
Consumer Confidence:  138.4% (Sep 2018) 
Small Biz Confidence:  107.9% (Sep 2018) 
Avg Gas Price:  $2.91 
 
 
 
 
 

 

 

 

 

 

 

 

SMALL BUSINESS NEWS

15 Jun 2015

 

Email this page    

 

Small Businesses Have An Important Deadline

An important deadline is looming for small businesses in America.  Beginning October 2015 charge card counterfeit liability will Shift  to you.

This means that if you donít switch to EuroPay, MasterCard and Visa (EMV) cards and someone commits a charge card fraud via your ponit-of-sale system (POS), you will be faced with the charge-back.  This, no doubt, will have anegative impact on your business.

EMV cards includes an embedded chip which uses cryptography thereby making them nearly impossible to counterfeit.  There are two types of EMV cards: Chip and PIN, and Chip and Signature.

In order to meet the new standard existing POS terminals must be upgraded.  This may come as a cost to your small business.  Check with your POS merchant to learn what their time line is for rolling out the new POS equipment that can process the new chip cards.

Your current POS system will be able to continue processing transactions with the new Chip cards until they are replaced.  But, replacing them is key, because it eliminates the liability your business will face when there is fraud.

 

Sources:
Smart Card Alliance FAQ
Visa ChipCard Readiness Guide


By Jack River

 

 

 

 

 

 

 

 

 

 
 

 

  
 

SBZ Home

News Home

Extra News Home

  

  

     

                  Report broken links               Contact us              About us           Become a Contributor to this site            Link Exchange 

© 2012-2015 The Small Business Zone, Inc.  All rights reserved.