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MV Liability Shift Endorsement Claim Form The policy will not cover claims made during the coverage period where the event or incident that gave rise to the claim occurred prior to the relevant inception
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EMV liability shift endorsement is a process where the liability for counterfeit fraud transactions shifts from the issuer to the party that has not adopted EMV chip technology.
Merchant acquirers and payment processors are required to file EMV liability shift endorsement.
EMV liability shift endorsement can be filled out online through the designated portal provided by the payment network.
The purpose of EMV liability shift endorsement is to incentivize parties to adopt EMV chip technology to reduce counterfeit fraud.
Information such as merchant name, identification number, transaction volume, and compliance status must be reported on EMV liability shift endorsement.
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