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 Whoever on Thursday December 15 2016, @04:56AM
In fact this link [out-law.com] supports my suspicion that you are wrong.
The change in 2010 [bbc.co.uk] appears to be related to all bank transactions, not just credit card fraud: