EMV Rolled Out and Liability Shifted: Restaurant Fraud Emerged from the Shadows
The rollout of EMV technology has changed the face of fraud for restaurants, retailers and merchants. While card-present fraud will likely decrease as the rollout continues, it will remain a major problem, especially for restaurants and food retailers, despite the new chip technology. In this session, we'll examine the continuing problem of point-of-sale fraud and the solutions on the horizon to mitigate it, as well as some of the following impacts:
- An assessment of the liability shift and its impact on U.S. commerce;
- Concerns about lack of transparency regarding the chargeback process;
- Concerns about the certification process and customer confusion with new EMV screen prompts;
- The merchant and restaurant perspective on PIN bypass.
Additional Summit Insight:
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