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PayPal Here Chip Card Reader Launches In The US Today

PayPal has announced that the PayPal Here Chip Card Reader will be available in the USA today, (September 30) just in time for the October 1 deadline in a nationwide effort to reduce fraud, raise security and protect sensitive data. Beginning October 1, 2015, for US merchants to be EMV-compliant, they will need to have an EMV card reader or be held liable for fraudulent activity. The chart below is a visual of the shift from who is currently liable and who will soon be held liable for any financial loss accrued from fraudulent transactions.

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