
New Credit Card Liability in Effect
October 7, 2015 8:15 amOn Oct. 1, new credit card rules went into effect which will transfer fraud liability to merchants who continue to use old “swipe” credit card processing machines.
On Oct. 1, new credit card rules went into effect which will transfer fraud liability to merchants who continue to use old “swipe” credit card processing machines.
In just a few short weeks, businesses will need to update their credit card terminals to accept the new chip-and-PIN cards or they may find themselves financially liable for fraud.