Transactions Expert: Businesses Should Upgrade to EMV POS

WINTER PARK, Fla. - Dec. 1, 2015 - PRLog -- FRISCO, TX - Nov. 30 -- Kevin Hodes, CEO of Swypit has published a new article entitled “ Understanding Credit Card Fraud for Your Business in the Age of EMV.”

In the article, he discusses the growing popularity of EMV cards in the U.S. and how this growth has spurred the implementation of “liability shifts” from many major payment networks.

Hodes says, “As of October 2015 many payment networks, such as Visa and MasterCard, American Express, and Discover, have implemented ‘liability shifts’ that could impact how fraudulent credit card cases are resolved. Previously, fraudulent card transactions were the responsibility of the cardholders; however, after October 2015, responsibility shifts to merchants in some cases if they do not have EMV chip-enabled POS devices or applications.”

Founded in 1999, Frisco, Texas-based credit card processing service Swypit offers next generation electronic payment solutions, combined with world-class service, price, and leading edge technology. Kevin Hodes, a Certified Payment Professional through the Electronic Transactions Association, is committed to providing his customers with the most cost-effective payment solutions for their businesses. He is a board member of the Frisco Chamber of Commerce and The American Fallen Soldiers Project. He is also active in other community foundations and events, including Boy Scouts of America, Frisco Citizen’s Fire and Police Academies, and Wipe Out Kids Cancer. Hodes also appears in the financial best-seller The Soul of Success, Volume II with his chapter, “The Truth About Credit Card Processing!”