1 – EMV Liability Shift Counterfeit Fraud 10 . In thisEMV Liability Shift Counterfeit Fraud: Fraud: 10. Acquirer processor readiness mandates to support EMV were established for 2013, with liability shifts for managing fraud risk in a face-to-face environment set for 2015. 1 EMV Liability Shift Counterfeit Fraud Description of Reason Code EMV Liability Shit Counterfeit Fraud Insights from Rules and Regulations A cardholder claims he or she did not participate in the transaction you processed. 11. These three letters have consumed the payments industry for over half a decade. 3 – Other Fraud-Card Present Environment 10 . 3: Other Fraud: Card-Present Environment: Fraud: 10. A counterfeit EMV-chip card was used in a card-present environment. 4 Fraud – Card. Through an FAQ format, we cover the basics and address some of. The criminal makes a counterfeit copy of your card and uses it to buy a nice jacket for $300. Fraud Card Absent Environment. 1 – EMV Liability Shift Counterfeit Fraud 10 . 3 — Other Fraud: Card-Present Environment2015, the party that does not support EMV— which can be either the issuer or the merchant— assumes liability for counterfeit card transactions. Now, a merchant is liable for counterfeit card fraud that occurs if a consumer presents a chip card and the payment device can only read magnetic stripe cards. 5 – Visa Fraud Monitoring Program 11 . 81 (2) 12. Consumer Disputes 10 . 2: Declined Authorization Come October 2015, this liability will shift depending on the level to which the merchant is EMV compliant. Authorization 12. While migration efforts to shift to EMV technology are ongoing, the use of magstripe in payment cards and/or card-accepting devices shall be allowed subject to card fraud liability shift. 1 EMV Liability Shift Counterfeit Fraud 81(3) 10. 5 – Visa Fraud Monitoring Program 11 . It seems fairly cut and dry that EMV is the better security technology to protect cardholders, so why had it taken so long for the U. S. • Merchants that do not incorporatedEMV technology will assume financial responsibility for fraudulent transactionseffectiveness in protecting cardholder data and reducing counterfeit, lost and stolen bankcard fraud. Consumer Disputes 10 . In 2015, Counterfeit fraud-lost and stolen card fraud at retail stores when card is present during a transaction was about $4. So the liability shift is specific to EMV and counterfeit fraud. EMV liability shift rules for counterfeit fraud. . S. Since October 2015. 3: Other Fraud-Card Present Environment: 10. 1 - EMV Liability Shift Counterfeit Fraud: The cardholder claims the transaction you processed was authorised without their knowledge. EMV Liability Shift Counterfeit Fraud: The cardholder claims a counterfeit chip card was used at a POS system where the transaction was not processed as a chip transaction. After October 1, 2015, this is whereEMV Liability Shift Non-Counterfeit Fraud. 3. The year prior, fraud totaled 130 pounds, about $160 million today. With the U. 4 Issuers assume counterfeit fraud-Effective October 1, 2015, payment network rules on certain types of fraudulent transactions shifted so that merchants now may bear the liability for counterfeit fraud unless an EMV chip device is used. 12 Truth in Lending Act;13 Visa and MasterCard rules and policies,14 liability shift rules,15 and guidelines. 2 – EMV Liability Shift Non-Counterfeit Fraud 10 . 4 (Other Fraud— Card-Absent Environment). Indeed, under this approach (see the table below), liability for counterfeit fraud on magnetic stripe cards remains with the issuer after October 1, 2015, even if the merchant where the. 5 – Visa Fraud Monitoring Program 11 . 4 – Other Fraud-Card Absent Environment 10 . If a small business owner has failed to install the required technology by the date, and there is a subsequent data breach or fraud issue within that business, they will be held accountable for the consumer loss. After the prescribed dates, liability for counterfeit fraud “shifts” to the least EMV-compliant party. Processing Errors 13. 10. 2 – EMV Liability Shift Non-Counterfeit Fraud 10 . 1 EMV Liability Shift Counterfeit Fraud Description of Reason Code EMV Liability Shit Counterfeit Fraud Insights from Rules and Regulations A cardholder claims he or she did not participate in the transaction you processed. 81 (1) 10. Since October 201. 1050. They are coming, they will be standard, and the United States is going to have to adjust. 1 – Card Recovery Bulletin: 12. A counterfeit EMV-chip card was used in a card-present environment. These three letters have consumed the payments industry for over half a decade. e. In the UK, where the EMV liability shift occurred in 2005, CNP fraud increased almost 40 percent over a span of 10 years. 4 –Other Fraud-Card Absent10. Get an EMV Reader . To reduce counterfeit fraud in the card-present (CP) environment, the United States started migrating to EMV chip technology in the mid-2010s. With the liability shift, a merchant will bear the loss if the issuer has issued chip cards to its cardholders and if that merchant has not been certified through its acquirer as being EMV compliant (by having. Processing Errors 13. S. Prior to this, banks bore financial responsibility for counterfeit card transactions. The remaining 90%—counterfeit fraud—is paid for by banks. It’s been almost two years since the liability for card-not- present fraud in the U. 1040. What Does the Liability Shift Mean to SMBs? 3 • October 1, 2015 is the effective date for the counterfeit, lost and stolen and non-receipt fraud liability shift from issuers to merchants. 4870 – CBK: Chip Liability Shift 4842 – (Late Presentment) for Dual Message. EMV service code must be 2XX or 6XX – if a value of 1XX has been. “The level of success is subjective, but some industry statistics indicate that counterfeit payment card fraud. 4 – Other Fraud-Card Absent Environment 10 . 3 – Other Fraud-Card Present Environment 10 . EMV is almost 100% effective in preventing face-to-face (in-store, aka card-present fraud) counterfeit card fraud. However, as many other merchants move to secure payments Here's a list of all the current Visa reason codes: Chargeback Code. 5 – Visa Fraud Monitoring Program: 120 days. Upgrading POS systems to accept chip. Processing Errors 13. S. Consumer Disputes 10 . Other Fraud – Card Present Environment. EMV liability shift rules for counterfeit fraud. ”. Acquired 10. 5 Visa Fraud Monitoring Program; General: 28 Request for copy bearing signature; 30 Cardholder request due to dispute;Who is Liable When EMV Fraud Occurs? Here in the US, an event called the EMV Liability Shift occurred back in October 2015. However, in order to avoid liability costs and encourage EMV. 1 – EMV Liability Shift Counterfeit Fraud 10 . This was just one year after the liability shift. 2 – EMV Liability Shift Non-Counterfeit Fraud 10 . Consumer Disputes 10 . The shorthand description is “EMV Liability Shift Counterfeit Fraud. 3: Other Fraud – Card Present Transactions 10. Processing Errors 13. Reason code Description; 11. 2 – EMV Liability Shift Non-Counterfeit Fraud: 120 days. Fraud 11. 4 – Other Fraud-Card Absent Environment. 3 (Other Fraud—Card-Present Environment) and 10. Under this EMV compliance regulation, any merchant who had not adopted EMV acceptance assumed the liability of fraudulent activity and the associated costs. According to Visa , Chip readers at EMV-accepting automatic fuel dispensers immediately protect. Authorization 12. October 1, 2015 – Counterfeit Card Liability Shift. Next, the authorization chargeback category is related to any transactions occurring without proper authorization. 1 – Card Recovery Bulletin 11 . Consumer Disputes 10 . 3: Other Fraud — Card-Present Environment: 120: 30: 10. For example, if a merchant does not have the ability to process an EMV card, and fraud occurs, the merchant is not liable for the resulting losses. 4 This is why itVCR is consolidating chargeback reason codes into four dispute categories; for fraud and authorization, the dispute condition is identified with the data in VisaNet 10 –Fraud 10. Card Brand: Fraud Reason Code: Description: Visa: 10. Now, the cardholder claims the purchase was unauthorized. 10. 1 – Card Recovery Bulletin 11 . 2 - EMV Liability Shift Non-Counterfeit Fraud What caused the dispute? The most common cause of this dispute is that a PIN-preferring chip card was used either at a non-EMV terminal or a chip transaction was initiated without full chip data. The liability shift happened with the goal of reducing the costs of counterfeit fraud and make payments safer for everyone. But with the recent shift in chargeback liability, it is the. To combat this fraud, the payment networks (Visa, Mastercard) have mandated that by October 2015, EMV be supported by merchants and by banks and credit unions (the issuers) to combat the fraud. Description. Acquired 10. 4 Other Fraud - Card Absent Environment; 10. 3 Other Fraud - Card-Present Environment. Fraud 11. 2 – EMV Liability Shift Non-Counterfeit Fraud 10 . 10. 5 – Visa Fraud Monitoring Program 11 . 1 – Card Recovery Bulletin 11 . EMV Liability Shift: The EMV liability shift is designed to better protect all parties. 2. EMV Liability Shift – Non-Counterfeit Fraud. 2: EMV Liability Shift Non-Counterfeit Fraud: Fraud:For merchants who have completed the EMV upgrade, counterfeit fraud dollars dropped by 80% between September 2015 and September 2018. It’s been over a year since the U. The EMV Liability Shift and Mandate As of October 1, 2015, banks and processing networks changed the way they handle certain types of credit card fraud. 1030. As a result of the EMV fraud liability shift in October 2015, merchants, issuers, and processors in the Unitedliable for counterfeit fraud committed using EMV cards if the merchants have not adopted EMV chip-readable terminals. Perhaps, in addition to selling in a store, a merchant has e-commerce or. As reported in a McLane/ CSP Daily News Flash, Visa is moving its automated fuel dispenser (AFD) EMV activation date from Oct. Europay, Mastercard, and Visa worked together to. Visa Chargeback Code Condition 10. 1 – Merchandise/ Services Not Received 12. Other factors behind the chargeback surge could be criminals are realizing the window for committing counterfeit fraud is closing, and consumers guilty of friendly fraud, who may be exploiting the confusion around the EMV liability shift to contest legitimate transactions for personal gain, Horwedel said. It’s easy for your customers to use and for you to adopt. 1 EMV Liability Shift Counterfeit Fraud Description of Reason Code EMV Liability Shit Counterfeit Fraud Insights from Rules and Regulations A cardholder claims he or she did not participate in the transaction you processed. ATM owners will be liable for certain types of. After the shift occurs, if a merchant is still using the swipe and signature method, and the customer has a “smart card” (a credit card with the EMV chip technology in it) then the merchant is liable. 2. 10. 2 EMV Liability Shift Non-Counterfeit Fraud: F24 No Card Member Authorization: UA05 Fraud – Chip Counterfeit Transaction: 4849 Questionable Merchant Activity: 10. Fraud 11. Lost-and-stolen fraud is another 6% to 9% of. 2 — EMV Liability Shift Non-Counterfeit Fraud. 1 – Card Recovery Bulletin 11 . 62 (3) Compliance. Authorization 12. EMV fraud liability depends on the type of card presented at the point of sale and the capability of the merchant terminal. The cardholder has a chip card and someone made a counterfeit copy of it. 10. Authorization 12. Cardholder authentication temporarily unavailable - no liability shift available. Q. How Do I Accept. Note: Mastercard has a 20% Tip Tolerance when the card isn't present. That year, counterfeit card fraud totaled a value of 97 million Great Britain pounds, equal to about $119 million today. EMV liability shift. 5 – Visa Fraud Monitoring Program 11 . Fraud 11. Description. domestic key-entered transactions processed at non-chip terminals, including: • Evidence of another payment on the same card that was undisputed. 3 – Other Fraud – Card-Present Environment: 120 days. 2 – EMV Liability Shift Non-Counterfeit Fraud 10 . 4 – Other Fraud-Card Absent Environment 10 . 3. EMV Liability Shift – Non-Counterfeit Fraud. 81 - Fraudulent Transaction: Card Present Environment. Any merchants in. Processing Errors 13. Stay up to date with corporate payments trends and the latest payments industry news by following WEX. Authorization 12. 1 EMV Liability Shift Counterfeit Fraud Description of Reason Code EMV Liability Shit Counterfeit Fraud Insights from Rules and Regulations A cardholder claims he or she did not participate in the transaction you processed. With the new rules, the party that is the cause of a chip transaction not occurring, either the issuer or acquirer, will be held financially responsible for any resulting card-present counterfeit fraud losses. 3 – Other Fraud-Card Present Environment 10 . Chargebacks were created to protect consumers from fraudulent charges. Visa Merchant Official. 2. 1 EMV Liability Shift Counterfeit Fraud Description of Reason Code EMV Liability Shit Counterfeit Fraud Insights from Rules and Regulations A cardholder claims he or she did not participate in the transaction you processed. 1, 2017. 10. 1 EMV Liability Shift Counterfeit Fraud; 10. They assign blame to the merchant’s EMV terminal for a card-present transaction. 16 10 AND 2018). Verify customer identity with. How liability will change With EMV: Fuel merchants will not be liable for fraud if the purchase is a chip-on-chip transaction Without EMV: Fuel merchants may absorb ALL costs for all payment card fraud. 5 – Visa Fraud Monitoring Program 11 . Authorization 12. Processing Errors 13. 2: EMV Liability Shift Non-Counterfeit Fraud: The cardholder is claiming that they did not authorise or participate in a transaction that you processed. 2. also have a liability shift scheduled for fuel dispensers. 2 Declined. Fraud. Counterfeit Fraud Chargeback Condition All of the following: • The cardholder contacted the issuer. The use of counterfeit card numbers by fraudsters may move to the online space because. 2. Processing Errors (EMV® Liability Shift Counterfeit Fraud), 10. 10. If someone steals the data contained in the magnetic stripe of a payment card, that person can embed the stolen data in a different magnetic stripe, apply it to the back of a plastic card, and then use the counterfeit card to make a purchase in a store. 2. 2: EMV Liability Shift Non-Counterfeit Fraud: 10. 1 – Card Recovery Bulletin 11 . As a PCI-compliant Level 1 Service Provider, Toast provides a suite of fraud prevention tools: Machine learning-powered fraud monitoring helps analyze, detect, and block suspicious online ordering transactions in real-time to prevent resulting chargebacks. 70 (1) Card Recovery Bulletin. 2 – EMV Liability Shift Non-Counterfeit Fraud 10 . 5 Visa Fraud Monitoring Program; General: 28 Request for copy bearing signature; 30 Cardholder request due to dispute Who is Liable When EMV Fraud Occurs? Here in the US, an event called the EMV Liability Shift occurred back in October 2015. 10. Fraud. 1In October, all of the global card networks' liability shifts will be implemented for AFDs. 10. EMV Chip Liability Shift: 4871: EMV Chip/PIN Liability Shift: Authorization: 4807: Warning Bulletin File: 4808: Authorization-Related. A few other common reason codes for Visa include late presentment; non-receipt of cash from ATM; invalid data; EMV liability shift non-counterfeit fraud; no authorization; canceled merchandise and fraud related to stolen cards on the card recovery bulletin. Consumer Disputes 10 . Authorization 12. Liability shift generally refers to the responsibility of covering the losses from fraudulent transactions moving from the merchant to the issuing bank when the merchant has authenticated the transaction using any of the 3D Secure (3DS) protocols. 1 – EMV Liability Shift Counterfeit Fraud 10 . 1: EMV Liability Shift Counterfeit Fraud: Visa: 10. Consumer Disputes 10 . 1 – EMV Liability Shift Counterfeit Fraud 11. 10. 2 – Incorrect 10. However, if the merchant has an EMV. This is a temporary change that. 4 Issuers assume counterfeit fraud- EMV standard is a method of preventing credit card fraud by. This code applies when a fraudulent. 2 – EMV Liability Shift Non-Counterfeit Fraud 10 . The cardholder is claiming that they did not authorize or participate in a transaction originated with the EMV terminal. S. And merchants are not having any liability for lost and stolen fraud, which is also commonly associated with PIN. 10. Consumer Disputes 10 . EMV Liability Shift Counterfeit Fraud. If the data collected during authorization indicates the card didn’t have a chip, provide documentation that proves the card wasn’t EMV-compliant. 2. ineligible for chargebacks under the U. 3 – Other Fraud – Card-Present. Reason: EMV Liability Shift Counterfeit Fraud; Reason Code: 10. Say your personal Visa card information is stolen by a criminal. Authorization 12. 2 – EMV Liability Shift Non-Counterfeit Fraud / Dispute Code. Description. Authorization 12. Dispute Category 11: Authorization. Authorization 12. 1 EMV Liability Shift Counterfeit Fraud 10. Counterfeit Fraud Liability Shift Scope The counterfeit card liability shift only pertains to transactions where a counterfeit magnetic stripe is presented to a POS terminal that does not support, at a minimum, contact chip EMV. K. 10. Fraud (10) EMV Liability Shift Counterfeit Fraud: 10. 3 – Other Fraud-Card Present Environment 10 . Visa has seen an increase in cases where a credit was processed prior to the dispute and the issuer did not address why the credit did not resolve the dispute. Consumer Disputes 10 . The EMV liability shift is designed to better protect all parties. If your business doesn’t use an EMV processing device when your customer presents an EMV “chip” card, you could be held liable for certain types of fraudulent transactions. S. Read more about the liability shift in our Simple Guide to the Liability Shift. If someone steals the data contained in the magnetic stripe of a payment card, that person can embed the stolen data in a different magnetic stripe, apply it to the back of a plastic card, and then use the counterfeit card to make a purchase in a. To further explain the implications, any pay-at-the-pump terminals who have not yet converted to EMV by October 2020 will become. Built with a single, intuitive console, Sift’s end-to-end solution eliminates the need for disconnected tools, single-purpose software, and incomplete insights that drain operational resources. However, if EMV was not used, the party (merchant or issuer) that has not adopted EMV technology is liable. Acquired 10. A. Authorization 12. As a deterrent and to avoid 10. The EMV Compliance Mandate isn't just a software update. 10. The liability shift is an effort to accelerate the nationwide switch to EMV (aka chip cards). 10. To be labeled with reason code 10. S. 2. 5 – Visa Fraud Monitoring Program 11 . 1 EMV Liability Shift Counterfeit Fraud Description of Reason Code EMV Liability Shit Counterfeit Fraud Insights from Rules and Regulations A cardholder claims he or she did not participate in the transaction you processed. Upgrade Your Terminals EMV chip readers are designed specifically to prevent “card present” fraud. Every time an EMV card is used for a Point of Sale (POS) purchase, the chip creates a unique transaction code that can’t be used again. 3 - Other Fraud: Card-Present Environment/Condition. 1 are initiated when a fraudster uses a counterfeit EMV (chip and pin) card and the rightful cardholder claims that they did not initiate the card-present transaction. 1 – EMV Liability Shift Counterfeit Fraud 10 . 4: Other Fraud – Card-Not-Present Transactions 10. Market Drivers for EMV Counterfeit, Lost and Stolen Fraud Losses ›Currently Issuers are liable for all counterfeit fraud-related losses ›When EMV cards are issued, liability for counterfeit fraud will shift to merchant if the merchant is not EMV enabled ›When used with a PIN, also protects against lost and stolen fraud. 11. 3: Other Fraud-Card Present Environment: 10. Acquired 10. Authorization 12. October 15th of 2021 marked the six-year anniversary of EMV implementation in the US, as well as the fraud liability. The cardholder claims the payment activity was fraudulent and blames it on the merchant’s EMV terminal. EMV® Liability Shift Counterfeit Fraud and 10. Because of the October 2015 liability shift, if you fail to upgrade your equipment, you are considered the weakest link in the payment chain, and any liabilities resulting from counterfeit fraud at the point–of-sale fall on you. 1 – EMV Liability Shift Counterfeit Fraud 10 . Authorization 12. Consumer Disputes 10 . The EMV liability shift is a burning hot topic in the payments industry and if you are looking to better understand what it means, how it works, and why it matters - you. 3 Other Fraud - Card Present Environment; 10. Consumer Disputes 10 . To drive the EMV migration in the United States, the card brands set a liability shift deadline of October 2015 for merchants to upgrade their payment infrastructure. About the EMV Migration ForumCounterfeit Fraud Liability. Fraud 11. If the transaction is completed at a contact chip-enabled terminal, regardless of how the card data is captured (i. After October 1, 2015, this is where All of Visa’s existing reason codes were condensed into four key groupings: fraud, authorization errors, processing errors, and customer disputes. In Australia, counterfeit fraud is down. This code applies when a fraudulent transaction uses a fake chip card at a point-of-sale (POS) terminal that hasn’t been updated to use EMV chip technology. 6Ultimately, EMV technology should help protect both consumers and merchants from fraud. 1 EMV Liability Shift Counterfeit Fraud Description of Reason Code EMV Liability Shit Counterfeit Fraud Insights from Rules and Regulations A cardholder claims he or she did not participate in the transaction you processed. 2 EMV Liability Shift Non-Counterfeit Fraud 10. Fraud 11. 1 – EMV Liability Shift Counterfeit Fraud 10 . EMV Liability Shift Non- Counterfeit Fraud. 2. EMV® Liability Shift Counterfeit Fraud and 10. 3d secure and chargeback liability shiftsLiability Shift Impact. 10. 3. 1 – EMV Liability Shift Counterfeit Fraud 10 . October 1, 2015 – Counterfeit Card Liability Shift (MC and Visa): The party that has made investment in EMV deployment is protected from financial liability for card. A counterfeit EMV-chip card was used in a card-present environment. (The exact date of the deadline differed by card brand. 2. With the new rules, the party that is the cause of a chip transaction not occurring, either the issuer or acquirer, will be held financially responsible for any resulting card-present counterfeit fraud losses. , American Express (NYSE: AXP) today announced changes to its EMV chargeback policy to help merchants limit their fraud costs as they upgrade their point-of-sale systems. Processing Errors 13. 3 – Other Fraud-Card Present Environment 10 . Processing Errors 13. A BSFI that has enabled secure EMV technology shall be protected from financial liability arising from losses on counterfeit card fraud. 2 Other Fraud – Card Present Environment 81(1) 10. In March 2019, Visa reported an 87% decrease in counterfeit fraud dollars. Drawing on the example of the UK – where in the 10 years between 2004 (when EMV was first introduced in the UK) and 2014, CNP fraud increased by 120% – something similar was predicted for the US. A counterfeit EMV-chip card was used in a card-present environment. 2 – Declined AuthorizationEMV. 2 - EMV Liability Shift Non-Counterfeit Fraud: The cardholder claims the transaction you processed was fraudulent because of your EMV terminal. Consumer Disputes 10 . Other Fraud – Card-Present EnvironmentTo drive home the point that EMV chip-enabled terminals should be implemented by every merchant who accepts credit cards, the major card brands Visa, Discover, MasterCard and American Express set out a security standard in October 2015 called the EMV liability shift. 10. Cancelled Recurring. Authorization 12. What is Counterfeit Fraud? Chargebacks under Visa’s Reason Code 10. A counterfeit EMV-chip card was used in a card-present environment. 4 – Other Fraud-Card Absent Environment 10 . 2. 4 – Other Fraud-Card Absent Environment 10 . 1 – Card Recovery Bulletin 11 . In September 2016, Mastercard reported a 54% decrease in counterfeit fraud costs in the US. The EMV liability shift does not apply to card-not-present transactions and lost and stolen fraud. 4 – Other Fraud-Card Absent Environment 10 . Authorization 12. EMV is newer to the US, while the EMV upgrade is much further along globally. ineligible for chargebacks under the U. Authorization 12. Incorrect Transaction Code. 1 – Late Presentment: 13. Fraud 11. When magnetic stripe cards are used at a magnetic stripe terminal, the liability for counterfeit fraud falls on the issuer. 1 – EMV Liability Shift Counterfeit Fraud 10 . 2 – EMV Liability Shift Transaction Code Non-Counterfeit Fraud 11. The EMV liability shift does not apply to card-not-present transactions and lost and stolen fraud. Visa Fraud Monitoring Program. As such, non-compliance with EMV chip technology became more expensive than upgrading one’s payment environment. ROCHE. 1 – Card Recovery Bulletin 11 . 3 Fraud – Card-Present Environment: F29 Card Not Present: UA06 Fraud – Chip and PIN Transaction: 4863 Cardholder Does Not Recognize—Potential Fraud: 10. And one of two things have occurred: The. 3 – No Authorization 12 . S. 1 – EMV Liability Shift Counterfeit Fraud 10 . ” 16 This report addresses only “contact” payments made by swiping or inserting a credit or debit card. Now, if your business is not yet chip-ready and card fraud occurs in a point-of-sale transaction in which a consumer uses a chip-enabled card, you — not the card-holder or issuer — could be liable for costs associated with the deception. Consumer Disputes 10 . Impact of EMV on counterfeit fraud1 Inside service stations:Don Bush explains how a half-hearted and incomplete EMV shift in the US is leaving the door wide open to fraudsters…. Here’s a guide to avoiding fraud with (and after) the EMV liability shift. 2: EMV Liability Shift Non-Counterfeit Fraud: Visa: 10. 1: Card Recovery Bulletin:These are only a handful of common Visa chargeback reason codes. ATM owners will be liable for certain types of fraudulent or counterfeit. Acquired 10. 10. 5 – Visa Fraud Monitoring Program 11 . Fuel merchants should continue their efforts to enable AFD EMV acceptance to mitigate counterfeit fraud and avoid . If the merchant does not authenticate the credit card transaction with a 3D. Processing Errors 13. Issuers, merchants, consumers, and acquirers/processors can all benefit from EMV. Hence forth, any counterfeit and lost/stolen card fraud that could have been prevented through the use of an EMV-capable device becomes the responsibility of the party who. 2 - EMV Liability Shift Non-Counterfeit Fraud. 4871: Chip Liability Shift - Lost/Stolen/Never Received Issue (NRI) Fraud: 4999: Domestic chargeback dispute (Europe only). The cardholder claims fraudulent activity. By the. 4: Other Fraud-Card Absent Environment: 10. Consumer Disputes 10. Fraud 11. 2: EMV Liability Shift Non-Counterfeit Fraud: The cardholder is claiming that they did not authorise or participate in a transaction that you processed. According to several industry associations.