EMV

POS Terminal with credit card isolated on a white background

American Express Limiting EMV Chargebacks for Merchants

To encourage EMV card adoption in the United States, American Express announced it is changing its EMV chargeback policy to help merchants lower their fraud costs as they update to the new EMV point-of-sale (POS) systems. Beginning in August, American Express will not hold merchants liable for chargebacks if the fraudulent transaction is less than $25. American Express