what is liability shift|Understanding liability shift in secure payment systems

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What Was the EMV Liability Shift? The EMV liability shift of 2015 was implemented by the major card networks in an effort to relieve issuers’ liability for fraud. The initiative aimed to mwhat is liability shiftandate fraud protections for。

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 however be exposed to or held liable for。

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what is liability shift|Understanding liability shift in secure payment systems

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