What EMV Means for Retailers

One of the most significant impacts on retailers will be the technical complexity of implementing and running an EMV solution. The actual cost of implementing such solutions can be significant — the software upgrade, purchase of PIN pads and cost of accreditation all need to be considered. Retailers who choose to run their own in-house payment systems will need staff skilled in both EMV and their chosen vendor’s software. These retailers will have more control over their point-of-sale processes and the general customer experience. They'll also be able to architect their infrastructure to ensure the fastest possible transaction speed and integrate their payment solutions more closely with other associated retail systems.