NACS workshop details why cost of ignoring fuel-pump payment standards will add up
ATLANTA — With 364 days left to upgrade credit-card terminals at fuel pumps before fraud liability shifts to convenience-store retailers, three experts on the subject of EMV encouraged retailers to get started now during a NACS Show educational session Oct. 2.
In one year, Oct. 1, 2020, liability for lost, stolen or counterfeit cards used at fuel pumps “shifts to the party in the payment chain with the least secure payment technology,” said Linda Toth, director of standards for Conexxus, during the session EMV: Can You Afford Not to Upgrade?
The answer to that question was a firm “no” from the panel of experts. “Get it done now or, at the very least, get started with your planning now,” said Jim Linton, vice president of Folk Oil Co., Homer, Mich.