Friday, 5 June 2015

'Roadmap' Clarifies Fraud Liability Shift

From Bank Info Security –

“The EMV Migration Forum has published a new "roadmap" to help card issuers, acquirers and merchants prepare for the October card-present fraud liability shift date - when U.S. card issuers and merchants are expected to be prepared to accept EMV-compliant card payment transactions (see October Fraud Surprise for Retailers?).

In an interview with Information Security Media Group, Randy Vanderhoof, director of the forum, says questions surrounding exactly what is and is not considered "fraud" after October spurred the forum to issue its report, "Understanding the 2015 U.S. Fraud Liability Shifts."

Read more/ listen to the interview>>

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