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As part of EMV, the liability is typically shifted to the merchant for non-EMV authenticated transactions. This provides strong motivation for merchants to do
by danpat 14y ago
As part of EMV, the liability is typically shifted to the merchant for non-EMV authenticated transactions. This provides strong motivation for merchants to do a better job of filtering out fishy transactions.
The only solutions I've seen to using EMV itself for online/phone transactions involve having a more advanced card (i.e. with LCD token readout) or a standalone card reader to interact with the chip.
E.g.:
ftp://ftp10.us.freebsd.org/users/azhang/disc/springer/0558/papers/2455/24550388.pdf
- dminor 14y agoMerchants already have to pay back the transaction, plus a charge, plus we're out the merchandise. We already have plenty of incentive to spot fraudulent transactions. What is needed is a better system.