Re:Stripe now supports ACH payments
by ceejayoz on Tuesday January 12, 2016 @05:31PM
(#10890909)
That's not true for card-present transactions.
Before October 2015, issuers ate the fraud, not merchants.
After October 2015, the "liability shift" means issuers won't eat the fraud if it's a chip card and the merchant didn't use the chip reader. Otherwise, they still eat the fraud.
Before October 2015, issuers ate the fraud, not merchants.
After October 2015, the "liability shift" means issuers won't eat the fraud if it's a chip card and the merchant didn't use the chip reader. Otherwise, they still eat the fraud.
http://www.emv-connection.com/downloads/2015/05/EMF-Liabilit...