As of Sept 30th, 2015, 120 million EMV chip cards have already been issued in the United States, and another 480 million are expected to be issued before the end of 2015.

According to recent statistics, only 42 percent of small businesses plan to make the switch to terminals that will accept credit cards embedded with EMV chips before the October 2015 deadline. The largest barriers for small businesses to become EMV-compliant are the cost of upgrading terminals and the lack of time or resources required to research terminals.