This seems to be happening about every 2-3 months in the Boise area, criminals come in from out of state with stolen or fraudulent credit cards and hit the town making multiple purchases at multiple retail stores.
So, those of you wondering about the EMV liability shift may be asking who "eats" the $5000 in fraudulent purchases racked up by just one of the criminals?
If the stolen credit card was chip based, and the store did not have the correct EMV equipment in place, it is possible that the merchant will have to absorb the loss.
If you have not implemented an EMV solution, the following news article may give you reason to move forward:
Comments or questions? I can be reached at 208-340-5632 or email@example.com
Post a Comment