EMV Credit Cards Interview with KTRH Radio Houston
CreditCards.com Senior Industry Analyst Matt Schulz spoke on Thursday, October 1, 2015 with KTRH Radio Houston about the September 2015 EMV Credit Cards survey. The interview and transcript are below.
Only one in four retailers have bought the terminals that accept the much more secure cards. CreditCards.com Senior Industry Analyst Matt Schulz says the delay is mostly about the cost. It could get more costly today for those businesses which haven’t made the switch.
Matt Schulz: If a merchant doesn’t have the technology to accept these cards, they can be liable for credit card fraud. That’s a big risk.
Schulz says the changeover could take years to complete, but you should get your new chip-based cards in the mail by Christmas. The new cards are more secure because they’re said to be impossible to counterfeit. Theo Forpes, NewsRadio 740 KTRH.