Business expert Jim Salmon, vice president of business services here at Navy Federal, addresses the topic everyone is talking about: chip cards and the liability shift.

In this episode of “Ask the Expert,” Jim specifically talks about why it may be in your best interest to upgrade your payments hardware in time for this year’s holiday shopping season.

Curious what other small business owners like you are asking? We recently held a Facebook Q&A with our in-house experts discussing the impact of the liability shift on your business.

Also check out our previous “Ask the Expert” video to check if upgrading your payment systems is the right choice for your business. Jim covers the top three things you should evaluate when considering a payments system upgrade.

Mobile payments are a huge conversation in the financial technology industry. Navy Federal recently partnered with Square® to offer business service members an affordable option to accept payments on tablets and mobile devices. Square® even offers contactless and chip readers so you can process chip cards and NFC payments. There are lots of features you’ll enjoy!