Principles of Information Systems (MindTap Course List)
Principles of Information Systems (MindTap Course List)
13th Edition
ISBN: 9781305971776
Author: Ralph Stair, George Reynolds
Publisher: Cengage Learning
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Chapter 3, Problem 10SAT
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A liability shift took place after October 1, 2015 where the merchants were allowed to accept the payments via a chip card’s magnetic stripe; however they have to take the responsibility of any fraudulent purchases.

Hence, the given statement is “True”.

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Students have asked these similar questions
Explain why computerized transactions using credit-card numbers may be insecure in certain circumstances.
The security of credit cards should be discussed, as well as the procedures that need be taken to secure them.
Using smart cards for authentication isn't necessary if magnetic stripe cards already work.

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Principles of Information Systems (MindTap Course List)

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