US EMV liability shift RSS

Nearly half a year since the EMV liability shift in the US, consumers have been through several statement cycles, and the acquiring industry should be able to get an early read on the increased chargeback volume due to the liability shift. Some 70% – 80% of active general purpose credit cards and 25% to 35% of active [...]

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Policy makers in the US voiced concerns at a meeting last week that credit card networks and issuers have failed to effectively explain the implications of the Oct. 1 EMV liability shift to merchants, leaving many small businesses confused. Rep. Nydia Velazquez said the EMV transition should lead to lower interchange fees, and asked whether Visa will [...]

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The Strawhecker Group (TSG) released survey results that illustrate only 27% of US merchants will be EMV-ready by the October 1st liability shift. This represents a sizable decline from 34% estimated in March. By December 2015, 44% of US merchants are expected to adopt EMV, however EMV-readiness will not reach a threshold of least 90% [...]

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