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MV Preparedness Survey for the. S. Convenience and Retail Fueling Industry August 9, 2019, Version 1.0Document Summary From June 10 to July 8, 2019, Consensus fielded an electronic survey to determine
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'EMV Can You Afford' refers to a financial evaluation process that assesses an individual's or organization's ability to manage expenses related to EMV (Europay, MasterCard, and Visa) compliance.
Businesses and organizations that are subject to EMV compliance guidelines and seek to evaluate their financial capacity to implement such measures are required to file 'EMV Can You Afford'.
To fill out 'EMV Can You Afford', complete the required financial disclosure forms, provide detailed information about your current expenses and revenues, and assess the costs associated with EMV compliance.
The purpose of 'EMV Can You Afford' is to help organizations determine their financial readiness and capacity to comply with EMV standards, ensuring secure payment processing.
The information that must be reported includes current financial statements, anticipated EMV implementation costs, and a detailed account of ongoing operational expenses.
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