A liability about-face in credit card fraud.
The shift of Europay, MasterCard, and Visa (EMV) liability occurred on Oct. 1, 2015. Up until Oct. 1, banks and other financial institutions were liable for any fraudulent charges on their cards. But in a push to heighten the security of POS systems, the liability shifted on Oct. 1 to whoever has the least secure systems. For retailers, that means Continue reading A liability about-face in credit card fraud.
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