The U.S. approach to fraud liability shift is not a mandate. This in what is liability shifteffect means that you will not be penalized for non-compliance by this date. You could however be exposed to or held liable for。
Liability shift refers to the process in which the responsibility for fraudulent transactions transfers from one party to another, typically from the payment processor or card issuer to the merchant, depending on compliance。
What Was the EMV Liability Shift? The EMV liability shift of 2015 was implemented by the major card networks in an effort to relieve issuers’ liability for fraud. The initiative aimed to mandate fraud protections for。
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