The mandate for retailers to accept chip-enabled, EMV-compliant payment cards starts Oct. 1. But how ready an individual retailer is may depend on what type of retailer they are.
At least that’s according to a new study from The Strawhecker Group (TSG), which shows that a leading 69% of shoe stores and 59% of department stores have EMV-ready POS terminals .
On the lower end of the spectrum, 24% of bookstores and 23% of stationery stores have EMV-ready terminals. Previous TSG research shows that 27% of all retailers will be EMV-ready by Oct. 1.