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EMV chips are an excellent what is liability shiftfraud-prevention tool for card-present merchants, but the liability shift can make them a double-edged sword in some situations. Lets。

Liability shift rewhat is liability shiftfers 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。

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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