Keep Talking EMV Chip Readers

Reason #1 Why we keep talking FREE EMV terminals merchants:

 

There's a Problem With the New Chip Credit Cards

by Tracy Thompson, AARP, February 6, 2017|Comments: 41

Fraud cases involving chip-enabled cards occurred at 64 percent of merchants.

Those new security chips in your credit cards aren’t helping much in cutting down on credit card fraud, partly because thieves found other ways to steal and partly because not enough merchants are using the chips, says a new report issued this week.

The report, compiled by consulting firm Javelin Strategy & Research and identity-theft-protection firm LifeLock Inc., said nearly half of credit card fraud cases involving chip-enabled cards occurred at 64 percent of merchants who haven’t installed chip-enabled terminals.  

Overall, the number of identity theft victims rose 18 percent since 2015 — a number that represents 15.4 million people and losses totaling $16 billion.

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Even though the deadline was Oct. 2015 for merchants to get new EMV chip reading terminals or they would have to bear the cost of any credit card fraud, here we are eighteen months later and thousands of merchants are not chip-compliant and their losses to credit card fraud is in the $16 BILLION range!!

You can GIVE your local merchants new EMV terminals that are operational and protect them from fraud -- at excellent rates and A+ service.

Keep sharing the DW Business Consulting advantages with every merchant you come across -- and share the awesome DW biz with everyone you know who wants to create professional career residual income from the most secure financial sector in existence:  payments processing!