Hot Topics: More Chip Card Woes | Lauzen Accounting

Hot Topics: More Chip Card Woes

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June 23, 2016
Tax Exempt Organizations – 2013
July 11, 2016
chip card woes

As of October 2015, retailers who didn’t transition to chip-reader transactions began being accountable for any resulting fraud, known as chargebacks. While merchants have been informed of the risks, the costs and sometimes lengthy certification process to become an authorized chip-reader merchant have prevented 100 percent acceptance.

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