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Responsibility passes to the merchant in (if you're right)
October-ish, BUT only if the card presented has a chip. If the card is
"Swipe Only" (ie, older but still valid) then my understanding is that
the liability stays where it is.

But, yes, if a chipped card is swiped, after the deadline, the
merchant owns responsibility 100%.


On 2/3/2015 12:30 PM, Matthew Barr wrote:
> Just to note: as far as I know, you *do* get most of the benefit
> from chip + sig , since it doesn't actually give the merchant the
> real cc number.  They get a token, from what I've read.
> 
> Actually, similar to Apple pay with NFC.
> 
> Kiosks are a problem, though they may get upgraded to deal with
> it.
> 
> The big change this year is the shifting of fraud responsibility
> to the merchant in Oct? If they don't use chip. Swipes will be the 
> merchant's problem, Chip is visa mc etc.
> 
> Matthew
> 
> (sent from my mobile)
> 
>> On Feb 3, 2015, at 12:14 PM, Tom Perrine <[email protected]>
>> 
>> CHIP+sig still probably won't be good for buying train tickets
>> and gas from unattended kiosks and stations in EU.
>> 
>> Why *anyone* would want CHIP+sig is beyond me. All of the expense
>> of the infra change and none of the benefits.
>> 
>> I've heard it has something to do with who (card holder,
>> merchant, or bank) is responsible for fraudulent charges, which
>> might explain the whole problem.
>> 
>> 
>> 
>>> On Mon, Feb 2, 2015 at 1:15 PM,  <[email protected]> wrote: 
>>> In the message dated: Mon, 02 Feb 2015 11:46:28 -0800, The
>>> pithy ruminations from David Lang on <Re: [lopsa-discuss] NIce
>>> Fraud alert system - American Express> were: => On Mon, 2 Feb
>>> 2015, Peter Loron wrote: => => > Yep, AMEX is usually pretty on
>>> the ball WRT fraud.
>>> 
>>> That's been my experience too.
>>> 
>>> => >
>>> 
>>> [SNIP!]
>>> 
>>> => > => > The EMV isn't perfect, but it does reduce fraud. => 
>>> => Does it make any impact on online/phone purchases?
>>> 
>>> +1 to AMEX for fraud detection.
>>> 
>>> -100 to AMEX for online/phone purchase fraud prevention.
>>> 
>>> Many years ago, AMEX used to offer (free!) virtual credit card
>>> numbers called Private Payments. These were good for one-time
>>> use, with a capped-maximum and 30-day validity. The "card"
>>> could be generated on-demand after logging into the AMEX site.
>>> This was a terrific way to handle on-line purchases. Then they
>>> dropped the service.
>>> 
>>> Mark
>>> 
>>> => => David Lang => -- Mark Bergman 
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