Small-business owners have to replace their credit cards readers by the October 1 EMV deadline. Here's what you need to know to make the transition on time.

October 1, 2015 marks a big change in the way many retailers in America will do business. But many small-business owners may not even know it’s happening.
Debit- and credit-card providers are in the process of distributing new EMV, enabled cards to their customers. These new cards have chips embedded in them that are more secure than traditional magnetic-stripe cards, in an attempt to curb America’s rising issue with credit card fraud and retail data breaches. Information stolen from a magnetic-stripe card can be duplicated, but EMV enabled cards produce a different code for each transaction (a process called Tokenization) that can only be used once so your data is secure.