Retailers had requested a delay from the credit card networks due to the global COVID-19 crisis.
ALEXANDRIA, Va.—Visa yesterday denied a request to delay the EMV liability shift deadline for automated fuel dispensers (AFDs). The deadline, which is set for October 1, 2020, has become unfeasible for many retailers as a result of the global COVID 19 pandemic. NACS sent joint association letters to the four global card networks requesting a delay after it became evident that retailers were facing significant disruptions to both the workforce and the supply chain.
In its denial of the request, Visa stated that it is monitoring the situation and believes that it is too soon to determine if a delay of the liability shift is needed. NACS would argue otherwise as the deadline is less than six months away and retailers are facing millions in potential fraud losses.
“The uncertainty surrounding this crisis and facing American businesses is unprecedented. While Visa wants to monitor the situation, our convenience store retailers are in the middle of it trying to care for their employees and customers. We are 176 days away from the EMV deadline, and retailers are already experiencing equipment delays…