And the sixth reason: "Change takes a much longer time coming than you think, and then it happens much faster than you would have thought." It's happening right now for you and your banking customers and BCX is the place to learn how to manage it.
Recognizing merchants have encountered difficulty integrating EMV compliant payment equipment, credit card issuers have postponed chargebacks for fraudulent purchases on non-compliant equipment. Compliance, however, will benefit all parties by reducing credit card fraud.
A monumental shift is happening in the U.S. as the payments industry upgrades to chip cards that are prevalent worldwide. Merchants are a key driver of this change as they upgrade POS terminals to accept chip cards.