Monthly Archives: January 2015

REMINDER: U. S. MERCHANT LIABILITY FOR NON-EMV COUNTERFEIT POS PAYMENT CARD TRANSACTIONS BEGINS OCTOBER 1, 2015

WHAT IS THE EMV FINANCIAL LIABILITY SHIFT?   Beginning October 1, 2015, financial liability for counterfeit point-of-sale (POS) payment card transactions will shift to, “the party that is the cause of a chip transaction not occurring….”1  Essentially, if the financial … Continue reading

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