Liability shift refers to the process in which the responsibility fowhat is liability shiftr fraudulent transactions transfers from one party to another, typically from the payment processor or card issuer to the merchant, depending on compliance。
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|What Is A Liability Shift?
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