The countdown to EMV implementation has officially Begun. Here are some key players and facts and statistics
- Point of Sale (POS) registers are impacted by the October 2015 liability shift deadline
- Target- completed updating all of their 1,801 stores with EMV POS devices
- Walmart and Sames club will have activated EMV readers November 1st
- Home Depot is in the process of upgrading 85,000 POS terminals
- American Express is set to launch a 10 million dollar program to help small businesses upgrade their POS terminals
- Visa is expected to launch a 20 million dollar program to educate consumers and merchants on the importance of chip technology
- Over 100 Million EMV cards are expected to be issued by the end of 2014
STAY IN THE LOOP
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This is an official email received by NAC (National ATM Counsel) on 8/19/24. Please note that this security bulletin effects ATM companies who utilize RMS software and who have not changed the default passwords. Please be aware- if you are a Best Products customer- this should not effect you- unless you are utilizing your own
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