The credit card industry, combating fraudulent activities like skimming and cloning, began issuing cards with dynamic EMV chips, which are nearly impossible to replicate. First rolled out in Europe, these cards were issued in earnest in the US late last year, resulting in a safer system for consumers. This change also impacted how liability for chargebacks is covered for those who swipe chip-enabled cards rather than using a certified EMV compliant POS.

Key Takeaways:

• EMV credit cards, which come with an embedded chip to reduce fraudulent activities, have quickly proliferated across the U.S. More than 600 million chip-enabled cards are in circulation within the country today.
• While restaurants need an EMV solution to avoid chargeback liability, many are wary of disrupting their current check delivery and collection practices.
• Upserve puts everything restaurateurs need to know in one place, providing real-time guidance to unlock the power of their menu, workforce and guest habits.

“We’ve designed an affordable solution specifically for restaurateurs that covers them for the liability shift, while at the same time powering great service and delivering critical business insights.”

https://www.fsrmagazine.com/content/upserve-launches-first-emv-solution-designed-restaurants