6. Challenges of EMV Implementation
Cost Shifting
Mandates
Complexity Misinformation
7. Myths of EMV
Myth: Contactless is not required
Fact: MasterCard mandate contactless at all
payment locations
Myth: EMV has no benefit to my business
Fact: EMV provides increased security, reduces
fraud, increases consumer confidence and has been
shown to increase card usage by 10-15%
Myth: There is no deadline for EMV compliance
Fact: Scheme deadlines for EMV compliance are Visa
Jan 2014 and MasterCard Oct 2014
8. Where to from Here
Engage with Acquirer Budget Costs Plan and Schedule