Meeting the Fraud Liability Shift Date: Payment Networks Define Minimum Requirements for U.S. EMV Chip Deployment
Princeton Junction, N.J., March 30, 2015 – As U.S. issuers, merchants, acquirers and processors continue planning for the approaching October 2015 EMV chip fraud liability shifts, many stakeholders may ask: “What is the least complex way to deploy chip for my organization?”To help merchants and acquirers develop their strategies for implementation, payment network members of the EMV Migration Forum have come together to produce a document outlining minimum requirements for chip deployment.