Fiserv’s Stephanie Fuoco and Mike Urban say the U.S. is in wait mode to learn exactly how to route and handle EMV transactions. Visa and Mastercard have set some liability shift dates for 2015, but financial institutions feel uneasy about meeting those dates with the issues still looming. Urban: Fraud losses in other areas besides card use are likely to increase, including check fraud. Fuoco: “We’re still waiting to see if we have to have multiple networks on the front of the card””]
Source: https://www.cuinfosecurity.com/making-shift-to-emv-a-6444