As Small Business Saturday gets the holiday shopping season underway for small businesses later this week, Paychex, Inc., a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses, is releasing the results of its latest Paychex Small Business Snapshot. The company’s latest research reveals less than half of business owners in the retail and restaurant/ food and beverage industries are equipped to accept EMV chip credit cards.
EMV, which stands for Europay, MasterCard, and Visa, is a global standard for cards equipped with computer chips and the technology needed to authenticate chip-card transactions.
Less Than Half of Retail/Restaurant Business Owners Are Equipped for EMV
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