Successful liability shift for enrolled card is required?
Thursday, September 23, 2021
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Question: Successful liability shift for enrolled card is required?
Successful Liability Shift Required for Enrolled Card: One of the main concerns that merchants face while switching to EMV technology is what is known as Liability Shift. In short, liability change means exactly what it says. This is a change in financial responsibility for a merchant, bank or credit card company if a fraudulent transaction occurs. But the rules are such that if a card issuer confirms that the card is enrolled under 3D Secure and the cardholder authentication is successful, the liability transfers from the merchant to the card issuer (such as a bank).
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