Stories
Slash Boxes
Comments

SoylentNews is people

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?


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 2) by VLM on Wednesday December 14 2016, @10:06PM

    by VLM (445) Subscriber Badge on Wednesday December 14 2016, @10:06PM (#441444)

    Business As Usual. Blame the brits I think it was a Churchill-ism from about a century ago.

    Back when memes were transmitted on telegraph lines there was one making the rounds about the "business of WTF is WTF" (And WTF is an acronym for, oh forget about it) and from memory Churchill, who probably would have been a massive shitposter on /pol/ had he lived long enough, said something about the business of the UK or Britain or whatever is BAU.

    Starting Score:    1  point
    Karma-Bonus Modifier   +1  

    Total Score:   2