Mastercard and Visa push EMV liability deadline to 2020 for automated fuel pumps

  Image Source: Article

Image Source: Article

Citing technological and regulatory challenges, Mastercard and Visa have postponed their liability deadlines for merchants to employ EMV chip card technology at automated fuel pumps, from October 2017 to October 2020.
Companies now have three more years to migrate from traditional magnetic stripe-based payment card scanners to chip reader technology before they would incur any financial liability for fraud perpetrated at the point of sale.

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