To combat the growing issue of credit card fraud, U.S. financial institutions are issuing EMV-chip-enabled credit cards that make it harder for thieves to steal credit card information. With this effort comes a “liability shift” that went into effect on October 1, 2015. Financial institutions will no longer bear the burden of fraudulent credit card charges, instead moving that responsibility to retailers who have not upgraded to EMV payment terminals to process chip-enabled credit cards.