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。
Liability shift refers to transferring financial responsibility or liability from one party to another in the context of fraudulent or disputed transactions. It typically occurs in the payment card industry,。
The 3D Secure (3DS) liability shift is a rule that protects you (the merchant) from fraudulent transactions. The liability for fraudulent chargebacks shifts from the business to the card issuer。
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