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Who has the responsibility to pay for a purchase made with a VISA TC chip. The purchase was made without PIN, POS entry 5 mode. The acquirer, the bank, or the user? Card was reported 12 hours after the purchase.

Tnks!

Romina Paz
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  • I'm voting to close this question as off-topic because it is about liability for card payment and not even closely related to programming. – Michael Roland Jul 31 '18 at 08:56
  • I'm voting to close this question as off-topic because financial and legal issues instead of programming or software development. – Pang Aug 08 '18 at 01:17
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    I'm voting to close this question as off-topic because it is not about programming or code you've written – John Conde Jun 24 '19 at 01:13

1 Answers1

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By TC, I assume you meant the transaction was offline approved with transaction certificate. You cannot hold the merchant responsible as (1) the terminal and card are both emv compliant (2) verifying the signature in case of non CAT is not fool proof (3) no authentication if a CAT terminal. The onus will be on card holder if the purchase is made outside the reporting time. If it is between the agreed time, bank will cover it. It is for these reasons offline limits are set to a low amount, do random transaction selection and send online, check consecutive offline counters..

Adarsh Nanu
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