-------- Original Message -------- Subject: "the liability in case of fraud will shift from issuers to acquirers" Date: Wed, 06 Jul 2005 17:32:00 -0600 From: Tony Toews <tony@private> To: Declan McCullagh <declan@private> Declan There was an interesting sentence in a press release with respect to using smart cards in Canada. http://www.oberthurusa.com/pdfs/2005/07-05%20Oberthur_Metaca_joint%20pressrelease_final.pdf "With a market of approximately 55 million cards, it is anticipated that issuers will start deploying smart cards in 2006 with critical mass expected by 2010, after which the liability in case of fraud will shift from issuers to acquirers." Who are acquirers? Joe Consumer? If so why would the liability shift? What if the systems have been broken by then? I can appreciate that credit card and debit card fraud rates are quite high and that newer, more secure technology is quite reasonable. However assuming that the cardholder is automatically at fault bothers me. Tony _______________________________________________ Politech mailing list Archived at http://www.politechbot.com/ Moderated by Declan McCullagh (http://www.mccullagh.org/)
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