Deciding whether to invest in card-processing systems that accept credit and debit cards embedded with microchips – also known as EMV, or chip, cards — is a hot topic in the restaurant world these days. Here’s why: Starting Oct. 1, 2015, merchants who haven’t invested in EMV-enabled equipment will be liable for fraudulent purchases made with a counterfeit credit or debit card. If you’re like many restaurateurs, you may be having a hard time building a business case to take action to meet the EMV “liability shift.” Often, the numbers just can’t justify the time and cost it takes to implement the technology. As restaurants consider purchasing and installing EMV-enabled terminals, here are a few tips and pointers.
Sourced through Scoop.it from: www.restaurant.org
Kenneth Carnesi holds a Juris Doctor degree from New York Law School and a Professional Certificate in International Banking from Harvard Law School. Kenneth Carnesi is the Director of Operations and Government Sales at Anaptyx LLC and sits on the Boards of The Lazarus Organization, Monkeetech LLC and MG Madison Phillips, Inc. Mr. Carnesi has also founded CICG - Carnesi International Consulting Group, a company specializing in strategy consulting to small to mid-size businesses.
Kenneth Carnesi 
Leave a comment