Swiping a credit card—and potentially its information—will soon become more difficult. Come October 2015, there will be a shift in which party will be held liable for credit card fraud. After that date, merchants who have not upgraded their systems to so-called “chip and signature” technology will be on the hook for any credit or debit card fraud that occurs in their stores, transferring the risk to the business owner from the banks, which currently hold the liability. Read on to discover the next steps all small businesses should take.
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