MasterCard’s EMV policy roadmap includes a policy to shift EMV fraud liability to the party with the lowest degree of EMV compliance. According to MasterCard’s announcement, the following policy becomes effective in October 2015:
October, 2015 – Fraud Liability Shift. MasterCard liability hierarchy takes effect. The party that has made investment in the most secure EMV options is protected from financial liability for card-present fraud losses for both counterfeit and lost, stolen and non-receipt fraud on this date.
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.