EMV in the US: Fraud Liability Shift

What is EMV


Starting on October 1, 2015, the liability shifts to businesses for fraudulent chip card transactions. This means if you accept a chip card with a magnetic stripe reader, you'll be responsible for the cost if the transaction is fraudulent.
Comment: Image capture from above link. EMV has been, with Apple Pay, the top projects of my wife who is a SME on EMV.

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