Don’t Forget New Chip and PIN Rules

If your business accepts payments on debit or credit cards, you need to be aware of how the changes to Chip and PIN rules affect your sales and potential liability to fraud. This is especially important for the 20% of (mainly SME) businesses that advisors Grant Thornton say have not yet switched to the new system.

If you still have not switched, remember that just one case of fraud for your business could work out more costly than switching to Chip and PIN. Your reputation is also at risk if people believe your business to be less safe than your competi tors.