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EMV Liability Shift
EMV Liability Shift

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!!! Overview
Today, across [Payment Networks], [liability] for card-present fraudulent transactions is generally the responsibility of [Card Issuers].
Originally, Beginning in October [2015|Year 2015], certain U.S. payment networks independently plan to implement [fraud] [liability] shifts that will impact transactions from a counterfeit card using [Magnetic Stripe Card] on a [Chip Card] and/or lost or stolen card transactions.
As of the date, [liability] for those transactions generally will shift to the [acquirer]/[merchant] in certain cases if they do not use EMV [chip Card] devices and applications to process payment transactions.
The impact of these [{$pagename}] to the acquirer/merchant depends on whether:
* EMV chip cards (domestic and international – including credit and debit cards) are used
* EMV chip-enabled point-of-sale (POS) card payment acceptance devices/applications are deployed (excluding automated teller machines (ATMs) and automated fuel dispensers (AFDs)),
including in-person POS retail devices, unattended terminals, kiosks and vending machines, and
mobile payment acceptance devices (MPOS).
!! ATMs and AFDs:
[{$pagename}] impacting ATMs and automated fuel dispensers have different timeframes and are not known.
!! More Information
There might be more information for this subject on one of the following:
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This page (revision-1) was last changed on 29-Nov-2024 16:16 by UnknownAuthorTop