Do you have old credit card terminals? Watch out! You could be subject to credit card fraud.
by Joe Dysart
Brick-and-mortar beauty stores will be on the hook for credit card fraud if they don’t migrate to new chip card terminals by Oct. 1, according to the major credit card companies. Essentially, MasterCard, Visa, American Express and the like have had it with old technology magnetic stripe cards, which are easy plunder for fraudsters. They’ve decided to shift the liability for fraud to beauty stores and other businesses that insist on clinging to mag-stripe technology and don’t bring in new chip card terminals as of Oct. 1.
Continue reading this story in Beauty Store Business' August digital edition.
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