Compliance Management, Network Security

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

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.

“Given the migration challenges for implementing EMV in the petroleum environment, Visa's and Mastercard's modification of the liability shift dates will be beneficial to the retail petroleum industry and the U.S. chip migration,” said Randy Vanderhoof, director of the U.S. Payments Forum, in a comment emailed to SC Media.

In a corporate statement explaining the new deadline, Mastercard acknowledged that retailers that sell fuel at automated pumps continue to face “significant regulatory and implementation challenges.” Visa, in its own statement, noted that more time was needed because of “the complicated infrastructure and specialized technology required for fuel pumps.” Also, “there are still issues with a sufficient supply of regulatory-compliant EMV hardware and software to enable most upgrades by 2017.”

Bradley Barth

As director of multimedia content strategy at CyberRisk Alliance, Bradley Barth develops content for online conferences, webcasts, podcasts video/multimedia projects — often serving as moderator or host. For nearly six years, he wrote and reported for SC Media as deputy editor and, before that, senior reporter. He was previously a program executive with the tech-focused PR firm Voxus. Past journalistic experience includes stints as business editor at Executive Technology, a staff writer at New York Sportscene and a freelance journalist covering travel and entertainment. In his spare time, Bradley also writes screenplays.

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