It is not mandated or required
There will be additional costs
Merchants do have a choice but there are some factors to consider:
Are you located in an area were counterfeit or lost and stolen cards are often used in your business?
Do you accept a lot of international cards?
How many charge backs occurred in your business within the last year? What were the reasons for those charge backs?
What is the COST to implement EMV standards in your business and does that cost make sense for your business’s RISK?
Keep it in the card reader, and follow the prompts on the screen until your transaction is complete.
Remove the card. If a signature is required, just sign the receipt and you are done.
The Payment Card Industry Date Security Standard (PCI DSS) is a set of 12 mandatory regulation created by the card associations to safeguard consumer card data. As the numbers of people using cards for payments has increased, so has the risk of card data compromise. Compliance with these PCI standards is now required for all payment processors, POS payment application and merchants of all sizes. POS Partners does not provide merchants PCI compliancy however we do recommend Vendor Safe as a solution to assist you in becoming compliant.