EMV Liability Shift
Despite the October 1st liability shift deadline looming, only 10 per cent of Americans have received the new chip-enabled cards, and nearly a third don’t know how to use them.
Source: www.paymenteye.com
The survey, conducted by the GfK Public Affairs for Associated Press, found that out of 1004 Americans polled, only one in every ten have received the new cards.
Furthermore, out of those people who have received the cards just one-third (35 per cent) say they actually use them as intended on the new card readers.
Moreover, of the people who have received the chip cards, 70 per cent said they know how to use it, meaning nearly a third of people do not understand.