What is EMV?
EMV stands for Europay, Master Card and Visa, and is a global standard for authenticating credit and debit card transactions made with integrated circuit cards (IC cards or “chip cards”) at point of sale terminals, and ATMs.
In the future, if your practice does not use EMV equipment and a data breach or a counterfeit transaction occurs, you may be held financially liable if you have not upgraded.
What does this mean for me?
The EMV refers to the migration towards chip-based cards, and that migration is going to be a slow one. Probably very slow, to be honest! Beginning in October 2015, it will likely take years to complete.
The specific change in October 2015 is only related to card present operations, which isn’t what Atlas does. Atlas is essentially an online service performing online transactions.
The EMV move to online transactions is planned, but remains very blurry at the moment. There are no fixed schedules and it may never even affect Atlas from its online subscription aspect.
All of this depends on all the banks and card issuers updating everyone’s credit cards, which is clearly complex and can take many years.
If you want to read about Atlas’s security measures, they’re described here.
If you have additional questions, please reach out to email@example.com.