The EMV saga begins its next phase soon as credit unions and other ATM operators begin shouldering fraud costs at cash machines, but experts said credit unions that haven't started converting their ATMs by now won't make the deadline – and many will have to make hard decisions that could include pulling the plug on some terminals.
It's Too Late Now
On Oct. 1, MasterCard will begin sending ATM owners the bill for fraud involving EMV-enabled cards used at ATMs that don't support EMV. Visa plans to make the same shift in October 2017.
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