1 Close your credit card accounts.  Paying off multiple credit cards with a debt consolidation loan may be a good idea, but be careful about racking up more debt on the open accounts. Think about keeping one account open for an emergency and closing the others.
- Jul. Today, Square announced a new version of its popular mobile payment system that will support EMV chipped credit cards. EMV is a joint effort from MasterCard and Visa to help improve security credit and debit card transactions and is set to become a standard in the US by October 2015.
What is EMV? EMV refers to the fraud reducing chip technology that is built into payment cards. Visa, MasterCard, American Express and Discover plan to establish EMV as the standard card technology in the U.S. by October 1, 2015. Learn More. EMV Deadlines All major credit card brands will be instituting a Fraud Liability Shift. The Shift means that fraud liability will shift to C-store owners for POS transactions (October 2015) and fuel dispensers (October 2017). Learn More.