In the wake of numerous large-scale data breaches and increasing rates of counterfeit card fraud, U.S. card issuers are migrating to the new EMV technology to protect consumers and reduce the costs of fraud.
The credit card industry is about to change dramatically. As of October 1st of this year, all merchants that accept credit card payments will need to be EMV compliant or face serious risks and liability. Cornerstone New York is poised and ready to meet this challenge. With 50 years of combined experience by industry leaders serving merchants across the country, we offer a wealth of knowledge and the latest technology at the best price possible. The problem is real. The solution is simple. Cornerstone New York. Are you ready to become compliant, avoid fraud and liability as well as save money on your credit card processing today? Contact us, we're ready to help.
Every time an EMV card is used the card chip creates a unique transaction code that cannot be copied and used again.
EMV technology requires merchants to switch to new POS terminals. We offer industry standard equipment for in-store and mobile transactions.
As of Oct. 1, 2015, the liability for card-present fraud has shifted to the processing merchant.
