How does transaction liability change with EMV?
Modified on: Mon, 18 Dec, 2017 at 10:11 AM
Liability for fraudulent transactions will move to the weakest link in the transaction. If a consumer uses a magnetic stripe in an EMV-capable terminal and the transaction turns out to be fraudulent, liability will rest with the issuer of the original magnetic stripe card. However, if a user uses a magnetic stripe card for a fraudulent transaction on a terminal which cannot process EMV, the liability for the fraud will rest with the merchant.
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