what is liability shift|Understanding liability shift in secure payment systems

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Liability shift refers to the process in which the responsibility for fraudulent twhat is liability shiftransactions transfers from one party to another, typically from the payment processor or card issuer to the merchant, depending on compliance。

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,。

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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what is liability shift|Understanding liability shift in secure payment systems

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