Originally Posted by
JEFFJAGUAR
Who's going to foot the bill for the new terminals all merchants will have to procure? Who's going to foot the bill for the added costs of producing cards with emv chips? Who's going to foot the bill when as part of the deal, liability laws are changed to put the onus of proof on the consumer when an emv card is used fraudulently?
As I've mentioned on the about page of the site I made, EMV enabled terminals are going
as low as $100. The rest of it will probably result in increased interest rates and fees for stuff, but the impact will probably not be that big due to volume purchasing and everything.
