A liability shift in October will transfer responsibility for covering U.S. card payment fraud to the party with less secure payment technology. Cards with chips are considered safer because they generate a unique code for each transaction, making counterfeiting seemingly impossible. Merchant locations without terminals capable of reading chip cards will be on the hook when fraud occurs. If issuers haven't provided chip cards to consumers, it's still on the issuers. Most corporate card providers already started moving accounts to chip cards.

Maybe these new cards will be . . .

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