By Jeff Connors
Chairman and CEO
May 5, 2015
In one of our recent blogs, Senior Vice president of Sales Joe Radest talked about the market status of EMV and where we stand today. He noted that while the original plan was for widespread adoption of EMV by October 1, 2015, we at Intrix believe it certainly will not occur on that date.
Well, we’re not alone.
The Strawhecker Group (TSG) recently released survey results showing only 34 percent of US merchants will be EMV-ready by the October 2015 deadline, and just 53 percent of merchants are expected to be fully compliant by 2017 – more than 15 months after the deadline. TSG’s sample included 33 merchant acquirers that process payments for 2.16 million merchants, or approximately 25 percent of the U.S. market. See the Infographic below!