Only 27% of US merchants will be EMV-ready at 1st October deadline

US merchants are less ready for the October 1st liability shift then expected. A recent report from The Strawhecker Group (TSG) has found that only 27% are EMV-ready and will gain the liability shift. Same report shows it will take another 1½ years before 80%+ merchants comply with the new rules.

Major issues is replacements of POS-terminals and processor and gateway readiness. Other things is tech problems like problems with foreign issued cards at payments.

..can one thing creating problems be that US goes for Chip & Signature while rest of the world goes Chip & PIN..

Read an infograph about TSG’s findings here.