3.5.1 Levels of Participation
There are two levels of chip liability shift participation.
• Level 1—Chip Liability Shift (Counterfeit Fraud)
– Issuers assume counterfeit fraud-related liability if a non-EMV chip card
is presented at a hybrid POS terminal.
– Acquirers assume counterfeit fraud-related liability if an EMV chip card
is presented at a non-hybrid POS terminal.