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posted by cmn32480 on Wednesday December 14 2016, @08:01PM   Printer-friendly
from the pumping-up-security dept.

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?


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  • (Score: 1, Interesting) by Anonymous Coward on Wednesday December 14 2016, @09:19PM

    by Anonymous Coward on Wednesday December 14 2016, @09:19PM (#441431)

    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.

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