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Published on Oct 2, 2015
Learn more about protecting your business from fraud with EMV payment technology in this video from Bank of the West. Credit card fraud is a real concern for businesses and cardholders. EMV chip cards and terminals are a new and more secure way to accept payments, and many merchants have already upgraded to EMV point of sale solutions. The card brands’ liability shift is scheduled for Oct. 1, 2015. After this date, if a business accepts and processes a fraudulent transaction on a non-EMV terminal with an EMV chip card, the business will be responsible for fraud losses – not the card issuer.