New credit card processing rules have been established for businesses. For some time now, new credit and debit cards have been issued with embedded computer chips designed to decrease fraud. New equipment for reading either magnetic strips or embedded chips is currently available.
As of October 1st, the rules regarding retailer responsibility will change and may affect the equipment you choose to use to process credit card transactions. We urge you to contact your credit card processor and/or point-of-sale equipment representative to get a better understanding of your equipment options and how this will affect your business going forward.