MasterCard, Visa Push Gas Pump EMV Migration Deadline To 2020
Fuel merchants get three extra years to deploy the secure chip-enabled payment infrastructure in their complex environments.
MasterCard and Visa have announced they are pushing back the EMV activation deadline at US automatic fuel dispensers (AFD) from October 2017 to October 2020. The EMV liability shift at ATMs will take place as planned, on Oct. 1, 2017.
The fuel industry has struggled to upgrade to EMV chip technology, because of complications in infrastructure and technology specific to fuel pumps. According to the payment card companies, AFDs’ conformity with EMV is more complicated than previously thought, because there are regulatory and implementation challenges that need more planning and time.
“During this interim period, Visa will monitor AFD fraud trends closely and work with merchants, acquirers and issuers to help mitigate any potential counterfeit fraud exposure at AFDs,” says Visa in a release on its site.
The postponement decision was taken by both MasterCard and Visa after detailed discussions with fuel merchants, stakeholders, issuers, and acquirers.
A news update by MasterCard has reaffirmed its commitment to work “closely with our fuel partners, station owners, industry associations and third-party vendors to ensure a smooth transition to EMV.”
About the Author(s)
You May Also Like
Is AI Identifying Threats to Your Network?
May 14, 2024Where and Why Threat Intelligence Makes Sense for Your Enterprise Security Strategy
May 15, 2024Safeguarding Political Campaigns: Defending Against Mass Phishing Attacks
May 16, 2024Why Effective Asset Management is Critical to Enterprise Cybersecurity
May 21, 2024Finding Your Way on the Path to Zero Trust
May 22, 2024
Black Hat USA - August 3-8 - Learn More
August 3, 2024Cybersecurity's Hottest New Technologies: What You Need To Know
March 21, 2024