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

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.