Applies to: LaundryCard, FasCard, Ingenico iUC285, VP3300
Customers are submitting an increased number of chargebacks against a merchant (business).
Merchants that do not have a terminal or POS system capable of processing chip cards will be responsible for chargebacks related to counterfeit and lost & stolen fraud acceptance, beginning in October 2015. This applies only when an EMV card is presented at a non-EMV POS device; otherwise, the current liability (chargeback protection) remains. This is commonly referred to as the liability shift, which moves responsibility for chargebacks to the party which has not implemented EMV technology. For more details, please see /wiki/spaces/CCIINT/pages/7438625. |