Do You Know Your EMV Dates?
The shift to EMV as the new standard in America has been ramping up for a couple years now, and as we approach the dates of the liability shift, it's useful to know when the changes will be taking place. Verifone Systems has put together a simple and informative chart to help you clearly see the important dates related to EMV. Click here to see it. Some of the more important dates to remember are:
- October 2015 - All major credit card brands will be instituting a Fraud Liability Shift (within North America). The Shift means that fraud liability will shift to C-store owners in the case of in store POS transactions
- October 2017 - The same Fraud Liability Shift will now be in effect for fuel dispensers as well.
Don't get caught unaware, if you'd like to keep up to date on the state of EMV and other fuel marketer related news, subscribe to the Patriot Capital newsletter.