SC Magazine – 2/22/16: A new survey of U.S. payment service providers revealed that approximately 37 percent of retailers were ready to process EMV payments by Feb. 1, 2016 — four months after the official deadline for merchants to implement the smart card processing technology. The Strawhecker Group (TSG), the payment industry consultancy firm behind the survey and corresponding infographic, explained in a news release that the 37 percent figure falls short of expectations set forth in an earlier September 2015 survey, which estimated more than 40 percent of retailers would be EMV-ready by this time. EMV-ready means that the technology to process microchip-embedded cards has been implemented at the point of sale, but it does not have to be activated yet
Click here to read more: http://www.scmagazine.com/retailers-falling-short-of-earlier-predictions-on-emv-readiness/article/478392

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