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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,。

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

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