Card Fraud Liability Shift in the UK
The BBC reports on the January 1st shift in liability for fraud on card transactions in the UK -- from card issuer to merchant if the merchant hasn't implemented the new chip and PIN acceptance technology.
"Many retailers have made a business decision not to convert their tills to chip and pin," says Bob Jarrett, professional services director for the British Shops and Stores Association (BSSA) which represents 4,200 shopkeepers. "Some of our members simply do not do enough business on cards to warrant going to the expense of changing their tills," he says.
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