Restaurants adjust to EMV tipping
With Europay, MasterCard and Visa (EMV) adoption gaining traction in the United States, some merchant level salespeople (MLSs) are encountering difficulties while helping retail and hospitality businesses employ EMV-compatible solutions to accept tips and gratuities. However, many payments analysts see little variation between adding tips to mag stripe transactions and the chip-and-signature transactions that are being phased in to U.S. merchant locations.
EMV observations at the liability shift
October 1, 2015 marked a significant shift in the rules governing fraud liability for credit and debit card transactions on EMV cards. For cardholders, however, the POS payment experience has been evolving over the past year, and the evolution is far from complete. By early next year, we expect many more merchants to enable the chip capabilities on their terminals, but already, the vast majority of U.S. credit card holders and a large number of U.S. debit card holders have had their first experience conducting a chip-authenticated transaction.
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