The countdown to EMV implementation has officially Begun. Here are some key players and facts and statistics
- Point of Sale (POS) registers are impacted by the October 2015 liability shift deadline
- Target- completed updating all of their 1,801 stores with EMV POS devices
- Walmart and Sames club will have activated EMV readers November 1st
- Home Depot is in the process of upgrading 85,000 POS terminals
- American Express is set to launch a 10 million dollar program to help small businesses upgrade their POS terminals
- Visa is expected to launch a 20 million dollar program to educate consumers and merchants on the importance of chip technology
- Over 100 Million EMV cards are expected to be issued by the end of 2014
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Peter Wilkenshoff
Peter Wilkenshoff is the President of Best Products Sales and Service Inc./ BestATMstore.com. With more than 20 years in the payments industry, he has made a career out of helping businesses get paid in the simplest and smartest ways possible. Cash, cards, mobile wallets or whatever futuristic payment gadget someone invents next week, he is here for it. He loves taking the stress out of money movement and turning complex processes into something anyone can understand. When he is not working he is usually fishing, building something around the house, out on a boat, surfing or planning the next family Disneyworld trip which sounds like a strange mix until you meet him and suddenly it all adds up.
Follow Peter on LinkedIn: https://www.linkedin.com/in/peter-wilkenshoff/
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