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Business Owners: Is Your Business Ready for the Switch from Magnetic Stripe to Chip Cards (EMV)?

On October 1st, the liability for certain types of fraudulent transactions shifts from banks to businesses that do not have the technology to process EVM/chip cards. What is an EMV chip card? EMV is a microchip technology which stands for Europay, MasterCard and Visa, and is a safer form of payment for buyers and sellers alike, safeguarding against fraud and counterfeit.

Major credit card companies are migrating from magnetic stripe credit and debit to cards with EMV chips. The October 1st shift means that if a customer pays a business using a fraudulent EMV chip card and that business only processes cards with the magnetic stripe, then the business could be liable for the fraudulent charge. Businesses must upgrade to EMV-compatible terminals to be able to accept cards with EMV chips from customers. 

For more information, click here

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It's never too cold for comedy! So it's not too cold to stop by our #23DaysofFlatironCheer tent! We will warm you up with a tasty ginger spiced hot chocolate by @eatbonmion the North Flatiron Plaza! Take in musical comedy by @thepitnycwhile you spin the prize wheel to win neighborhood prizes! @sonysquarenycalso has some sweet swag and a warm place to go! Out on the North Plaza by #FlatironReflection until 4pm! #discoverflatiron #eatbonmi #thepitnyc #sonysquarenyc
23 hrs ago