Chip & PIN Deadline Arrives

Local News
NC_chippin0930_700x394_1443717929059.jpg

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
 

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

KVEO Cutest Pet Contest

Stay Connected

Trending Stories

Hurricane Tracker Center

KVEO App Download Links

Inside RGV Politics

More Inside RGV Politics