Merchants Face Bulk of Liability in Chip & Pin Tech

The video discusses the shift in fraud liability to merchants with the introduction of EMV chip technology, emphasizing the need for layered security. It introduces dynamic CVV for online transactions and explores the future of payment methods, including mobile transactions. The impact of Apple Pay and NFC technology on the payment industry is also highlighted.

What is the purpose of the dynamic CVV introduced for online transactions?

Why do the speakers believe that cards will still be relevant in the future despite the rise of mobile payments?

What is the significance of NFC technology in the context of Apple Pay and card transactions?