EMV is a computerized chip inside a credit card that is the advancement of fraud protection from the magnetic strip we are all used to in the United States.
As noted in AFP Online, http://bit.ly/AFP_SCAMS, the impact is significant. Billions lost in the US alone. Fraud has risen dramatically over the past year.
If any working capital strategy implemented by treasury is to be successful, there must be buy-in from other departments. And if treasury’s relationship with those departments is strained, the success of the WCM program will certainly be impacted.