Boston, February 12, 2015 – The arrival of EMV-enabled payment cards is a seismic shift in U.S. payments that will take place in less than a year, but implementation is still uneven; larger merchants expect to be prepared, but one-third of smaller merchants are unaware of chip cards. It’s essential that the industry clearly understands the path to implementation, but how can this journey be taken with so many merchants still in the dark?
This Aite Group research, based on findings from a 2014 telephone survey of U.S. merchants, measures the rate at which chip-capable terminals will be implemented, forecasts their anticipated penetration for the next three years, and delves into the potential impact of NFC and Apple Pay.
This 35-page Impact Report contains 30 figures and two tables. Clients of Aite Group's Retail Banking & Payments service can download this report.