Preparing your business for EMV migration

Beginning Oct. 1, 2015, businesses without credit card terminals designed to take advantage of EMV chip technology will be liable for fraud losses. Here's how businesses can prepare:

EMV countdown begins
The EMV compliance race

With the deadline approaching for merchants to upgrade point-of-sale equipment, we look at how businesses are coping and what you can do to get ready.

   •   Contact your card processor to find out what you will need to do. If you've upgraded your terminal in the last few years, you might already have EMV-ready equipment but just need to turn it on. Or you might need new equipment.

   •   Shop around. There are many different kinds of plans, with a mixture of upfront costs and monthly fees. With businesses upgrading to EMV in the next year, prices are not expected to become cheaper than they are today.

   •   Consider software. Many businesses have software that ties in to their point-of-sale (POS) terminals. Ensure that the software is configured for EMV hardware.

   •   Think about training. It sounds simple, but customers with EMV cards will have to insert them into the credit card terminal instead of swiping them. Customers without EMV cards will continue to swipe them. Employees need to know how to accept these different methods of payment.

   •   Evaluate other anti-fraud measures. If a business is upgrading its terminals, it makes sense to consider other ways to reduce card fraud and data theft. Ask your card processor about additional services and technologies.

See related: 8 FAQs about the new EMV credit cards, How soon should retailers switch to EMV?, How can I protect my point-of-sale system against security breaches? 

Join the discussion
We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.

The editorial content on is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company's business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.

Weekly newsletter
Get the latest news, advice, articles and tips delivered to your inbox. It's FREE.

Updated: 02-18-2019