Achieve a Successful Liability Shift: What's Required?
Navigating the Payment Maze: When a Successful Liability Shift is Required Okay, so you're running a business, accepting card payments, and trying to keep everything above board. Awesome! But have you ever heard the phrase "liability shift"? It sounds a bit intimidating, right? Like something out of a legal drama. Well, it's not quite that dramatic. But it is important. Especially if you want to avoid getting stuck with the bill when a fraudulent transaction hits your account. Basically, a successful liability shift required means you've done everything by the book to protect yourself from certain types of fraud, shifting the responsibility for the loss from you to the card issuer or acquiring bank (depending on the exact situation). ...