New Retail Credit Card Standards Affect Quick Service Restaurants | QSR magazine - 0 views
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By October 2015, all restaurants and other merchants will be subjected to new Europay, Mastercard, and Visa (EMV) standards, which reflect a shift from magnetic-stripe credit cards to chip-and-pin cards.
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, the chip-based cards require insertion of the card into a terminal throughout the entire transaction.
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chip-based cards are less susceptible to fraud.
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A new set of standards is coming up for credit card transactions. EMV or Europay, Mastercard, Visa, standards include a chip-and-pin device on the card that requires the card to be inserted into the card processing terminal. While this does not prevent all fraud, it's important that this standard is mandatory by 2015 and business operators should be preparing for changes.