Which Statement Below Is True About the Introduction of the "Chip

Multiple Choice

Which statement below is true about the introduction of the "chip system" introduced on credit cards?

A) The chip-based system allows merchants to track trends in purchases for marketing purposes.
B) The chip-based system requires that the banks issuing the card be exclusively liable for any fraudulent transactions with their card.
C) The chip-based system shifts the liability to the merchant if they fail to use the more secure system.
D) The chip-based system has thus far been a failure according the banking industry.