The Mastercard and Visa decisions to move the liability shift for EMV migration at the fuel pump from October 2017 to October 2020 created an additional fraud-concern period for credit unions.
“The unique challenges facing the retail petroleum industry in upgrading their outside pay-at-the-pump systems to EMV have been an active part of the EMV migration discussions over the last year within the U.S. Payments Forum and its Petroleum Working Committee,” Randy Vanderhoof, director of the U.S. Payments Forum, said. “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.”
In its announcement, Mastercard said, “EMV compliance for fuel merchants with Automatic Fuel Dispensers brings significant regulatory and implementation challenges. Over the past months, we have had extensive discussions with fuel merchants, issuers, acquirers and other stakeholders regarding these unique challenges.”
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