Until September 30, 2015, if an in-store transaction is conducted using a counterfeit, stolen or otherwise compromised card, consumer losses from that transaction fall back on the either the payment processor or issuing bank. The merchant isn’t held liable.
After an Oct. 1, 2015, deadline, the liability for card present fraud will shift to whichever party is the least EMV-compliant in a fraudulent transaction. For example, if a card with the chip is presented at a card terminal that doesn’t accept the technology, and the card is counterfeit, the cost of the fraud will fall back on the merchant.
The major credit card issuers, American Express, Discover, Mastercard and Visa have published and delivered detailed schedules about the upcoming shift in liability. The new shift in liability is intended to help bring the entire payment industry on board with EMV by encouraging compliance to avoid liability costs.

EMV, which stands for Europay, Mastercard and Visa, is the new global standard for credit card security coming about in October of 2015. After numerous large scale data breaches and rapidly escalating incidents of counterfeit cards, U.S. credit card issuers are transferring to this new technology to help protect consumers as well as reduce the costs of fraudulent transactions.
The new technology involves both a card with a computer chip embedded in it, and new equipment used to authenticate chip-card transactions. Consumers will receive and need to activate new cards and learn the new payment processes. The new cards will provide greater protection against fraud. Merchants will need to upgrade their current credit card readers to the new EMV readers to take full advantage of the fraud protection offered by them.

A Harbortouch POS system offers a number of valuable functions to maximize your business’s profits and efficiency. It is far more than just a cash register, it tracks both your customers and employees as well as your inventory. It helps your management manage as well as provide tracking of their management efforts.
Managers, owners and employees have different access levels and permissions on the Harbortouch POS system, allowing information to be securely gathered without chance of altering key information like sales or employee hours. Managers can access a complete employee database showing specific details for each staff member, to track hours worked, edit timesheets, calculate overtime, evaluate sales performance and manage secure access levels.

Harbortouch POS systems provide a complete array of reporting tools that provide business owners with greater insight into sales trends, product popularity and detailed customer tracking.

Business owners can filter sales by product, season or time of year, brand popularity or other trends that might be difficult to recognize otherwise. If certain products or brands are more popular or more popular seasonally, the business owner can benefit from promotions and product expansion to drive sales. If some products and brands aren’t moving well, they can be easily targeted for removal from the inventory list or phased out.
With the ability to generate reports about sales figures, by product, brand, profit margin, and time period, the business owner gains more control over the productivity of his inventory as well as timing for promotions or sales.

Keeping customers happy so they return is the key to success for many businesses. The Harbortouch POS system benefits restaurants by improving order accuracy and efficiency. With the ability to easily add and edit unlimited menu items, change prices and quantities on orders, transfer tickets and split payments and/or orders, manage reservations and text customers when they’re table is ready, the Harbortouch POS system partners with restaurant owners to make the dining experience a success for customers. With service quality being a key ingredient to happy restaurant customers, Harbortouch Restaurant POS systems offer many built-in functions and features to successfully manage the customer dining experience efficiently, and improve staff efficiency. These added features and functions, allow servers to spend more time with customers and manage the customer experience from their arrival at the restaurant right up until they pay their check.