Most U.S. payment networks have implemented EMV fraud “liability shifts,” effective October 2015, for POS transactions. Some networks also have either implemented or announced。
The U.S. approach to fraud liability shift is not a mandate. This in effect means that you will not be penalized for non-compliance by this date. You could what is liability shifthowever be exposed to or held liable for。
EMV chips are an excellent fraud-prevention tool for card-present merchants, but the liability shift can make them a double-edged sword in some situations. Lets。
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