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EMV, QuickBooks, and You

EMV, Chip and PIN, Chip and Sign, Smart Cards - these are all names for the same thing: the new standards in credit card technology finally being adopted in the United States to reduce credit card fraud. The deadline of October 1, 2015 does not come with any sort of audit or fine, but rather it is a shift in liability to the retailer for any fraud if the retailer is not prepared to accept the EMV chipped cards. This could be devastating to any small businesses not fully prepared.

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