SoylentNews is people
SoylentNews
According to an article in BankInfo Security, Visa and Mastercard have given fuel pump terminal vendors an additional 3 years to add support for EMV.
Visa and MasterCard announced this week that they are pushing back their liability shift dates for counterfeit card fraud that results at non-EMV chip-compliant U.S. pay-at-the-pump gas terminals to October 2020 from October 2017.
That news is an early Christmas gift for convenience-store operators and the petrol industry, even though if it leaves issuers on the hook three years longer for counterfeit fraud that might result from a hack or skimming attack at self-serve gas pumps.
But I wonder how much fuss issuers will make about the extension. Counterfeit card fraud at gas pumps pales relative to retail point-of-sale and ecommerce fraud. And despite what we heard five years ago about pay-at-the-pump skimming reaching nearly "epidemic" proportions, we hear much less about it today. That's not to say it's gone away, by any means; but it no longer appears to be a looming epidemic
Visa and MasterCard made the right decision to give gas pumps a break on EMV. The question now is, will the three year extension be enough?
(Score: 2) by VLM on Wednesday December 14 2016, @09:10PM
I have never seen a chip-n-PIN in the wild in the USA although I assume it would be just as convenient as using a checking account debit card with a PIN number today.
I have, and have used, chip-n-sig in the wild at actual retailers (well, a retailer) and I would guess we'll be signing gas station pumps in the future, I don't see any way around it.
The only legacy brick and mortar store I know of for certain that has a working chiphole is Home Depot. Not my gas station or grocery store or any restaurant or nuthin. Home Depot that's all.
(Score: 0) by Anonymous Coward on Wednesday December 14 2016, @09:14PM
You must live in a backwater... 90% of shops in my neck 'o the woods has the chip reader and of that 90%, about 80% (so 80% of 90 to be clear) have it working.
I have no idea where all you idiots live that you (can) keep complaining about that chip not working.
(Score: 1, Interesting) by Anonymous Coward on Wednesday December 14 2016, @09:19PM
Its getting better around here. It is about 50/50. The mom and pops are starting to catch up. They have had the hardware since early last year. Most have a note which way to go. It is the clearing houses that have been dragging the issue out. The only big retailer around me that has not caught up is Sears/Kmart.
My bet is gilbarco (gas pump manufacture) does not have the readers and backend infrastructure yet for it.
The mom and pop shops mostly do not own the pumps anyway. It is the large conglomerates that own the gas that own them. Most mom and pops are suckers who 'bought' a 'franchise' and are stuck with all the bills and none of the profit. They usually run the pumps but do not own them. The gas companies (shell, exon, BP, etc) are the ones who own them.
(Score: 2) by LoRdTAW on Wednesday December 14 2016, @11:19PM
The wally world on long island has them. So do all of the home depots in the metro NY area. Same for many small mom and pop shops with the little hand held readers. I've also seen it in big chain pharmacies like rite-aid and I'm sure others.
(Score: 2) by LoRdTAW on Wednesday December 14 2016, @11:22PM
Wait, I just realized you are referring to two factor chip *and* PIN. The chip readers are all over but none require a PIN when using a credit card. In fact, I dont have a pin for my credit card. However, if using a debit card, you do in fact use the chip and pin.
(Score: 2) by takyon on Wednesday December 14 2016, @11:38PM
If you are getting PINned while using a credit card, that's probably a sign you are about to get charged out the ass for cashback or some obscure feature.
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: 2) by Appalbarry on Thursday December 15 2016, @12:24AM
Apropos of nothing, up in Canada, the GF still has a Mastercard that demands signature every time. She tried to get it changed to a PIN, it proved to be beyond the skills level of the bank employees in the branch, and she can't be bothered trying again.
Seriously, when was the last time that any card issuer actually looked at a signature unless there was an actual claim of fraud? And even if they did, what good would it do them to determine that they had a bogus signature?
I expect that your average credit card thief knows too well that you can scribble pretty much anything on the credit card slip.