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ARTICLE · 04 FEBRUARY 2016

Are You EMV Compliant?

Brown Smith Wallace
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If you haven't shifted your point of sale terminals to remain compliant with the new EMV requirements, now's the time!

United StatesFinance and Banking
Brown Smith Wallace
Brown Smith Wallace
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If you haven't shifted your point of sale terminals to remain compliant with the new EMV requirements, now's the time! Karen Stern, Partner in Charge of the Entrepreneurial Services Group, discusses the importance of remaining compliant in this month's "Financial Fitness," as featured in Small Business Monthly.

Since October 2015, merchant banks have taken the necessary steps to prevent fraud by issuing chip and pin cards to their customers. By putting these smart cards in consumers' wallets, banks are shifting the liability of fraud from them to you, the merchant. These smart payment cards and the terminals that accept them are the new technical standard for card payment, and are often referred to as EMV.

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