Merchants will upgrade those terminals to EMV by October 2015 because their acquiring bank/MasterCard/Visa mandates so; and, at the same time, they may as well make it an NFC-enabled terminal.

The funny part about all this is that EMV has been mandatory in Australia since August 2014; EMV terminals are ubiquitous, NFC virtually so. Wake up America, it's time you moved your payments system into the 21st century—EMV/NFC mobile "tap and sign"—too funny! ...