Randstad Technologies Comments on Reaching EMV October 1 Deadline
Randstad Technologies Encourages Retail, Financial, Hospitality and Restaurant Industries to Understand Importance of More Secure Payment Technology to Avoid Fraud
ATLANTA, Sept. 28, 2015 – In anticipation of the October 1, 2015 EMV liability deadline, Randstad Technologies is issuing the following statement from payment technology expert Dick Mitchell, who has been an active participant in the EMV discussion.
Please attribute to Randstad Technologies Solutions Director Dick Mitchell:
“The United States leads the world in credit card fraud—a distinction that makes our consumers a rich target for hackers. New EMV (chip-enabled) credit cards will help remedy this situation—and cards with Chip and PIN, in particular, are more secure than those requiring just a signature.
“We encourage all businesses that missed the October 1 deadline to make the move to the EMV standard as soon as possible and to press banks for uniform adoption of Chip and PIN vs. Chip and Signature. The country’s lead in credit card fraud is one that we all should be eager to relinquish.”
Background on EMV Deadline
By October 1, 2015 banks and merchants should have completed their transition from the old magnetic stripe readers and credit cards to new EMV (chip-enabled) cards and card readers or risk incurring liability for credit card fraud. On this date, liability for fraud is supposed to fall to whichever party—bank or merchant—has the less advanced technology (not chip-enabled). Yet according to a new survey on EMV readiness from Randstad Technologies, as late as this summer, 42 percent of businesses had either taken no steps or were unaware of any progress toward the transition.
About Randstad Technologies
Randstad Technologies has been connecting top companies around the globe with the expert technology talent and solutions that drive their success since 1984. Our deep industry expertise and full-service capabilities—Recruitment, Consulting, Projects and Outsourcing—enable organizations to be agile, productive and ahead in the field with our wide network of specialists and flexible solutions. For more information, visit www.randstadtechnologies.com.
About Randstad US
Randstad US is a wholly owned subsidiary of Randstad Holding nv, a $22.9 billion global provider of HR services. As one of the largest staffing organizations in the United States, Randstad provides temporary, temporary-to-hire and permanent placement services each week to over 100,000 people through its network of more than 900 branches and client-dedicated locations. Employing over 5,300 recruiting experts, the company is a top provider of outsourcing, staffing, consulting and projects and workforce solutions within the areas of Engineering, Finance & Accounting, Healthcare, Human Resources, IT, Legal, Manufacturing & Logistics, Office & Administration, Pharma and Sales & Marketing.
Learn more at www.randstadusa.com and access Randstad’s panoramic U.S. thought leadership knowledge center through its Workforce360 site that offers valuable insight into the latest economic indicators and HR trends shaping the world of work.
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Kathy Van Pelt, Vice President, Strategic Marketing
Raffetto Herman Strategic Communications