CLEAN : US sellers become liable for fraud unless swap to chip & pin (2)

CLEAN : US sellers become liable for fraud unless swap to chip & pin (2)

Assessment

Interactive Video

Business, Computers

9th - 12th Grade

Hard

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The video tutorial discusses the introduction and usage of chip cards, specifically EMV cards, in the United States. It highlights the migration to EMV technology, which began on October 1st, and explains the liability shift for counterfeit card fraud. The tutorial also covers the scale of the migration, with 1.2 billion cards and over 6.5 million merchant locations affected, emphasizing the importance of upgrading to new terminals to prevent fraud.

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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