Visa’s Gord Jameison predicts surge in chargebacks from international card issuers. European and Canadian banks can now charge U.S. merchants for fraud that affects their customers. Fraudulent payments made in the U.K. with card data stolen from international customers is a leading cause of fraud loss for banks. “On the merchant side, Oct. 1 is the start date for a journey that’s probably going to last four or five years,” he says. He says fraud will migrate to the points of least resistance, which will be the smaller merchants.”]
Source: https://www.cuinfosecurity.com/cross-border-impact-emv-liability-shift-a-8596