Credit card liability shifts to small businesses Oct. 1, resources available

Major U.S. credit card issuers including MasterCard, Visa, Discover and American Express, have shifted liability for card-present fraud shift to whichever party is the least EMV-compliant in certain fraudulent transactions. This took affect Oct. 1, 2015.

The SBA has launched a series of seminars and online resourcesto help ensure small business owners understand what this transition means for business owners and their customers.

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