Why Do Merchants Have To Worry About Counterfeit, Lost Or Stolen Card Fraud? [SiteLink] [FAQ]
Our facility has a few charge backs or fraud issues each year, is there anything we should be worried about not supporting EMV?
SiteLink Technical Support Answer
As recently published and widely covered card breaches at several large national retailers in the US have illustrated, card fraud can be extremely costly and damaging to a brand -- for small business such an incident could be catastrophic. In addition to minimizing the risk of fraud, merchants implementing EMV chip payments in neighboring countries, including Canada and Mexico, have reported a significant decrease in fraudulent transactions.