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    Liability

    News about Liability.

    Walmart sues Visa over chip card payments

    May 11th, 2016

    US supermarket giant Walmart has filed a lawsuit against Visa for “allegedly forcing the retailer to let customers use signatures when paying with their chip-based debit cards,” according to CNBC. “The retail giant filed a lawsuit in New York court, saying that Visa wouldn’t allow Walmart to just use the chip & PIN protocol and that it was required to allow customers to sign when using a chip debit card,” the CNBC website reports. The EMV liability shift took place across the US in October 2015.

    One in four US merchants will be EMV-ready by October deadline

    September 21st, 2015

    Only 27% of US merchants will be EMV-ready by the October liability shift, representing a seven percentage point decline from a 34% estimation in March, research from The Strawhecker Group (TSG) reveals. “By December 2015, 44% of US merchants are expected to adopt EMV, however, EMV-readiness will not reach a threshold of at least 90% until 2017 — more than 15 months after the shift,” the company says.

    Visa CEO: We may not charge a fee for tokenization

    November 14th, 2014

    Visa will not charge a fee to card issuers making use of its tokenization service until at least the end of 2015 and may or may not charge a separate fee for the service in… More

    Visa moves US to EMV and NFC

    August 9th, 2011

    “The adoption of dual-interface chip technology will help prepare the US payment infrastructure for the arrival of NFC-based mobile payments by building the necessary infrastructure to accept and process chip transactions that support either a signature or PIN at the point of sale,” says the payments giant. More