American Express’s EMV policy roadmap includes a policy to shift EMV fraud liability to the party with the lowest degree of EMV compliance. According to American Express’s announcement, the following policy becomes effective in October 2015:
October, 2015 – Fraud Liability Shift. American Express will institute a fraud liability shift policy that will transfer liability for certain types of fraudulent transactions away from the party that has the most secure form of EMV technology.
Interested in EMV compliance?
Host Merchant Services offers EMV solutions for business owners. If you’re interested in getting a head start on the rest of the U.S. market, contact an HMS sales representative today and ask about our EMV-compliant equipment and processing options.