Starting October 1, 2015, the merchant whose POS system is not EMV-enabled will assume full liability risk for fraudulent card-present transactions when processing chip cards on a non-EMV-enabled terminal. Also, migration to EMV is a perfect opportunity for merchants to enhance their electronic payment acceptance by adding additional payment forms, including PIN debit, NFC (e.g., Apple Pay) and introducing other value-added programs to engage with their customers.
Articles in this section
- Access One Merchant User Guide
- What is Apple Pay?
- What is the Personal Guarantee?
- How are EMV transactions different?
- Why do merchants have to worry about counterfeit, lost or stolen card fraud?
- What happens if merchants don’t upgrade their POS system to EMV?
- Who is enforcing EMV?
- Am I required to support EMV?
- What does the liability shift mean?
- What is the timing for EMV in the United States?