Posted on June 18, 2015 by Martin Armstrong - http://armstrongeconomics.com/archives/33573
Curious note: On October 1, 2015 – the day of the Big Bang – the U.S. will begin shifting to EMV (Europay, MasterCard® and Visa®) “smart card” credit cards as a more secure way of accepting payments. Anyone accepting a card without a chip will be liable for any fraudulent payments. The banks will be exempt from accepting responsibility for fraudulent cards. Instead, the risk will shift to the merchant for accepting any non-EMV cards.
This entry was posted in Current Events and tagged 2015.75, Big Bang, EMV by Martin Armstrong. Bookmark the permalink