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A comment on $12M stolen from 1,400 convenience store ATMs across Japan in 2 hours. Parent comment

Re:$12M stolen from 1,400 convenience store ATMs across Japa... by ams6110 on Sunday May 22, 2016 @12:42PM (#11749242)
In the US the liability for fraud is on the merchant accepting the card.
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Re:$12M stolen from 1,400 convenience store ATMs across Japa... by jessriedel on Sunday May 22, 2016 @12:54PM (#11749286)
This is mostly false. In the past, the liability was completely on the bank. In October, it switched to the merchant only if the merchant hadn't upgraded to a chip reader. The switchover process is continuing, and when it is complete the liability will be with the banks, as it was before.
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Re:$12M stolen from 1,400 convenience store ATMs across Japa... by sokoloff on Sunday May 22, 2016 @07:23PM (#11750726)
It's been a while, but I seem to recall in a past company that for card-not-present transactions, the risk of fraud was on us, not on the bank approving the transaction.
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