Credit card giants like VISA and Mastercard are introducing new “smart cards” across America this year, and while this new technology may help reduce credit card fraud, it will also leave merchants liable to fines of up to $50,000 if they process a fraudulent transaction on a non-smart terminal. So what exactly are smart cards, and what can you – as a merchant – do to stay up-to-date with the latest terminal technology so that your transactions are secure and you’re protected from liability? We’ve designed this infographic to answer those questions and many others in a simple, easy-to-understand visual format.