The Kansas City Business Journal recently published an article noting that, despite the recent transfer of liability from credit card providers to retailers, 42 percent of businesses still have yet to begin using chip-enabled card readers.
According to the article, the majority of those who haven’t jumped on board are mid-sized businesses. Pat O’Boyle, partner at MSP, explains that it’s because of point-of-sale (POS) software providers that many of these businesses are lagging behind.
“The (POS software providers) thought they’d be ready easily by fourth quarter of 2015, but projections are now end of second quarter and maybe even into the third quarter of this year before they have a solution. So it’s not the business as much as it’s the POS vendors who haven’t been ready,” O’Boyle said in the article.
O’Boyle urges business owners to begin pressuring software providers to add chip-enabled technology to their service and, in the meantime, be proactive about using chip readers in their retail spaces.
Click here to read the full article.