In the aftermath of the EMV liability shift, the major trend in payment security has been the migration of fraud from card-present situations to the online world. EMV technology has been very effective at fighting card-present fraud, and as a result nearly every store that has adopted EMV has seen plummets in fraud. As overall EMV adoption increases, fraud decreases.
But there’s one industry that’s been left behind, and is still seeing major card-present fraud: the restaurant industry. The prevailing reason restaurants are still the target of fraud is simple – the restaurant industry has not adopted EMV as quickly as the rest of the retail world. Why Restaurants Are The New Target
0 Comments
|
TBMS BlogTampa Bay Merchant Services Blog. Archives
February 2024
Categories |