Chip & PIN Deadline Arrives

Local News
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Beginning today retailers will be responsible for fraudulent transactions if they don’t upgrade their payment terminals to accept chip-enabled cards.

While many businesses are clearly behind in making the needed changes, a new study from CreditCards.com finds credit card issuers are also behind in issuing the cards.

According to the study, six in ten credit card holders still don’t have a chip-enabled card.

The new cards are intended to fight fraud.

The October 1st deadline was self-imposed, and meant to pressure retailers to upgrade to the new readers.

The deadline for getting the new, safer cards to consumers is the end of the year.

Read more: http://nbcnews.to/1P5VF8C
 

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