Many retailers anxious facing Thursday's chip-card conversion deadline - Computerworld

The nation's retailers bear a huge share of the burden of converting to more secure chip card technology, even as banks have been shipping updated chip credit and debit cards to millions of customers for months.

On Thursday, retailers of all sizes must have new payment terminals installed in their stores, restaurants and hotels. If they don't meet the Oct. 1 deadline set by banks and card companies, they will then incur all the financial liability for fraud with cards using older magnetic stripe technology.

Read Full Story