X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Only 42% of small businesses plan to update their terminals to EMV by the October 2015 liability-shift deadline, according to a new survey from Intuit, suggesting that more than half could soon find themselves on the hook for losses due to fraudulent cards used in their stores.

Businesses that are undecided or are not planning to upgrade are also largely in the dark about what that means, according to the survey. A whopping 85% said they’re unaware of the financial and legal liabilities they’ll be responsible for starting in October. About 86% said they might not be able to handle the financial and legal liabilities for fraudulent card transactions, however.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Tina Orem

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.