EMV Countdown is On: Get Prepped

October of 2015 — the deadline by which merchants must deploy point-of-sale (POS) technology that complies with the Europay/Visa/MasterCard (EMV) standard for chip card acceptance or assume liability for fraudulent transactions — is fast approaching. While Hospitality Technology’s 2015 Restaurant Technology Study revealed that a respective 40 percent and 35 percent of restaurant operators believe they have a well-defined roadmap in place for EMV preparedness or will put a transition plan into place this year, about 25 percent admit that they will not be ready for the transition.