what is liability shift|Understanding liability shift in secure payment systems,power blazer

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。

Liability shift generally refers to the responsibility of covering the losses from fraudulent transactions moving from the merchant to the issuing bank when the merchant has。

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。

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