Liability shift

**Liability Shift** refers to the transfer of financial responsibility for fraudulent transactions from one party to another, commonly seen in the context of payment processing and security. This shift often occurs when businesses adopt new technologies like EMV chip cards or contactless payments. If a merchant has implemented the required security measures and a fraudulent transaction happens, the liability may move to the card issuer or payment processor. Understanding liability shift is crucial for merchants to minimize fraud risks and avoid unexpected costs.