In reply to Gary Meadows.

The only idiot here, is you.

Business owners should upgrade to EMV ready terminals. Once every business owner has EMV compliant terminals, there's no need or possibility of skimming the mag-stripe on the card.

Visa and MasterCard won't lower their interchange fees, one, because they'll lose money, and two, because they shouldn't have to because an idiotic business owner who still wants to use what is essentially cassette tape aged technology, doesn't want to upgrade their payment terminals.