Grocer, January 10th, 2004
The year ahead already presents a host of challenges but there's more on the horizon for 2005 in the form of an unprecedented number of changes to business processes and legislation. The countdown has begun, says Sian Harrington, and you must be prepared
Date: January 2005
FRAUD LIABILITY--CHIP & PIN
On January 1, 2005 retailers will become liable for all losses incurred as a result of fraud on debit and credit card transactions.
The shift in liability from bank to retailer is a result of the major banks coming together to fight fraud, which costs them 400m [pounds sterling] a year and i...
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