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Tag: transition to EMV credit

NACS Board member congressional testimony: costs to small businesses of the transition to EMV credit and debit card technology are “staggering”

WASHINGTON, 2015-10-22 — /EPR Retail News/ — The costs to small businesses of the transition to EMV credit and debit card technology are “staggering”—averaging more than half of annual profits for convenience stores—yet the switch still represents a “missed opportunity” to further reduce fraud, according to congressional testimony by a NACS Board member. Testifying before the…

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