handheld emv secure payment

To EMV or Not To EMV

By now you have likely heard about the October 1, 2015 EMV Liability Shift. Simply put, the Liability Shift means that the liability for fraudulent cards falls on the party who is the least EMV compliant. For example, if you process a chip credit card using a swipe-only terminal, you may be liable for the fraud. If the card holder does not have a chip card, the merchant would not be responsible as the liability would fall on the card issuer. You can learn about different scenarios here: Liability Shift.