Since October 2015, merchants without an EMV-compatible terminal or POS system are responsible for chargebacks and fraudulent card acceptance. It's important to note this only applies when an EMV card is presented at the POS. Although the shift happened months ago, you may still be wondering about a few things-the reason for the liability shift or how fraud is still occurring if EMV is so secure. It's nearly impossible for a fraudster to copy the EMV chip, but easy for them to copy the information from the magnetic stripe that still exists on all cards-new and old... While it's rare, cards can be inactive. Your processor can check with the issuer to determine if a card has been closed. Your processor also should be validating if disputes are, in fact, fraud. Here is a deeper dive into more ways you can avoid card disputes... The problem? If a merchant doesn't have an EMV terminal, there's no way to detect if they're accepting what should be an EMV card. EMV-enabled terminals will..