EMV-accepting businesses will increase 650% in 2015.

PYMNTS.com reports that by October 2015, when the EMV shift is set to take place, businesses that do accept EMV payments will show an increase of 650%, according to Boston Retail Partners.

“Payment security” is among the top reasons for the switch, as POS fraud currently costs $190 billion a year in the US.

Read the full article here.

Photo credit: Wonderlane

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