Contactless card transactions are not “Cardholder not present” transactions!
They are usually “No Cardholder Verification Method” transactions, though they can do ask for PIN entry in some circumstances.
And no, the liability is not with the merchant for contactless, or they never would have accepted it! It’s firmly with the banks, which is why the limits were initially so low - to limit potential fraud. When it transpired that fraud was more than acceptably low, they raised the limits a bit.
The liability is only with the merchant if the merchant chooses to accept a magnetic swipe transaction, or keyed card details. Not contactless EMV.
> They are usually “No Cardholder Verification Method” transactions, though they can do ask for PIN entry in some circumstances.
In Turkey, contactless transactions are "Special Cardholder Verification Required, no PIN" or "Cardholder Present, PIN required" depending on the amount. And they are legally required to be performed online with immediate confirmation.
They are usually “No Cardholder Verification Method” transactions, though they can do ask for PIN entry in some circumstances.
And no, the liability is not with the merchant for contactless, or they never would have accepted it! It’s firmly with the banks, which is why the limits were initially so low - to limit potential fraud. When it transpired that fraud was more than acceptably low, they raised the limits a bit.
The liability is only with the merchant if the merchant chooses to accept a magnetic swipe transaction, or keyed card details. Not contactless EMV.