The New York Times – 9/23/15: Lee Padgett, the owner of Busted, a lingerie shop in Detroit, has spent the last two weeks wrestling with three different payment software systems and a pile of new hardware. She is determined that by Oct. 1, her store will be one of the first in the area to begin moving from the familiar swiping technology for processing credit and debit cards to the chip-card system that card networks are pressing retailers to adopt. The process of getting there, though, has been time-consuming, expensive and messy — and like many small-business owners, she is not entirely sure what she stands to gain from it. Ms. Padgett’s target date for adding the new payment system isn’t arbitrary. It’s the deadline set by Visa, MasterCard, American Express and other major card networks for a years-in-the-making liability shift aimed at prodding American merchants into finally adopting a more secure payment technology that is ubiquitous in Europe and Canada but still rare in the United States. Starting next month, retailers that haven’t upgraded their payment systems to read E.M.V.
Click here to read more: http://www.nytimes.com/2015/09/24/business/smallbusiness/coming-soon-to-checkouts-microchip-card-payment-systems.html?_r=0

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