Intrix Blog : TSG Releases Data: Which Types of Retail Merchants are EMV-Ready?

By Jeff Connors
Chief Executive Officer
October 1, 2015

Today is October 1, 2015. Are you EMV ready? Well, if you aren’t, you’re not alone!

The Strawhecker Group (TSG) recently released data ahead of the October 1st liability shift that represents EMV-readiness by merchant type. That data looked at a variety of retail merchants and shows that 69 percent of Shoe Stores and 59 percent of Department Stores have EMV-ready terminals, while on the lower end of the spectrum, only 23 percent of Stationary Stores and 24 percent of Book Stores have EMV-ready terminals.

TSG points out that certain retail types are more ready than others as they are much more likely to potentially see fraudulent transactions. Big box merchants, such as Walmart and Target for example, are ready.

To read more click here:

TSG has also published a chart looking at 30 retail merchant types and their respective EMV-readiness:

As of today, unprepared merchants will be liable for fraudulent transactions that occur at the point-of-sale. If you are unprepared Intrix can help you become EMV-ready, just give us a call at (855)-546-8749.



Intrix Blog: Whitepaper – EMV and Chip Cards – Key Information For Anyone

By Suzanne Coleman
Chief Technology Officer
December 4, 2014

There has been a lot of discussion in the media about EMV, or chip-card technology.  Generally, the information available to consumers is minimal, and really doesn’t provide much insight into what a chip card is or how this new technology affects them.  For merchants and software developers, much of the information available is too technical or detailed to be useful.

Intrix has developed a paper intended to address these information gaps.  The Intrix paper on EMV explains the terminology (EMV, Chip and Signature, Chip and Pin).  It also explains, in easy to understand language, how the chip card is used in the retail environment, what the consumer will experience, what the merchant will experience, and what application developers need to know.

Excerpts from the paper:

What is EMV? ICC? Chip And Pin? Etc…?

There are many terms being used in relation to the topic, but they all boil down to use of a credit card that has a circuit chip embedded in it.  This chip is called an Integrated Circuit Chip, hence the term “ICC”.  This technology was developed via a joint effort between EuroCard, MasterCard and Visa, hence the term “EMV”.  Cards with this chip will perform some authentication of the person presenting the card before an actual authorization request occurs.  Cardholder authentication may include the use of a PIN, hence the term “Chip And Pin”.  The PIN is not always applicable; sometimes a signature is used, hence the term “Chip And Signature”.  They all boil down to the use of cards with an embedded chip, with that card being inserted into a card reader device.

Key Points For Merchants

There are a number of key factors of which merchants should be aware.

Effective October, 2015, the rules of who accepts the risk for fraudulent retail transactions will change to be the same as the rules for eCommerce and Mail Order Phone Order (MOTO) if the transaction was not initiated using EMV.  Currently, a retail, swiped transaction that is approved by the card issuer will be funded by that issuer if the card is found to be fraudulent.  With the risk shift, that risk moves to the acquiring bank (the merchants bank) unless the merchant used an EMV terminal for the transaction.  Acquirers will pass along the risk ownership to the merchant when the risk shift goes into place, so the merchants will be responsible for those fraudulent charges.

EMV is only relevant to merchants who perform card-present transactions, it does not apply to eCommerce.

Merchants using Point Of Sale systems or other software need to check with their software providers to determine when their systems will be ready to support EMV, and what equipment those software vendors have implemented.


Click here to get the Intrix Technology Whitepaper – What is EMV?