Infographic: 2015 U.S. EMV liability shift
Posted by Olga Lyons on 5/27/2015 to
EMV Migration
Under the liability shift, the least secure party in a card transaction - the issuer or acquirer who does not support EMV by the liability shift deadline - assumes the liability for counterfeit card transactions and, in some cases, for lost and stolen card transactions.
EMV liability shift catching SMBs unaware
Posted by Olga Lyons on 5/12/2015 to
EMV Migration
Breaking down the EMV liability shift
Below is what happens if a credit card data breach occurs after Oct. 1, 2015:
If a merchant is still using the swipe and signature method at the POS, and the consumer has an EMV chip-enabled credit card, the merchant is responsible for all losses in the event of fraud.