Business
Chamber Chairman: Stores Not Ready for Chip Cards May Be Liable for Fraud Thefts
|
Business owners who want to protect their stores’ bottom lines from some types of credit card fraud may need to get equipment that reads the “chip” credit cards now being introduced in the United States. That was the message at a recent Darien Chamber of Commerce event from Mark Rosenbloom, the incoming chairman of the chamber’s Board of Directors and an assistant vice president at First County Bank. Rosenbloom is also manager of cash management services at the bank. First County is one of many sellers of the devices. Legal liability in the United States shifts to the store if it doesn’t use the terminals built to read the embedded microchips in chip credit cards, Rosenbloom said at a “Business After Hours” event held Thursday at Jimmy’s Southside Tavern on Heights Road.