Visa announced May 1 that it will delay the Oct. 1 deadline for the installation of EMV readers at fuel dispenser stations. Visa’s deadline has been extended to Apr. 17, 2021.
NATSO, along with a number of fuel retailing groups, urged the major financial card networks to delay the EMV deadline because many retailers are experiencing equipment delays and a lack of technician availability. Because of the essential services fuel retailers are providing during the COVID-19 emergency, the fuel retailers requested that "the global networks delay the liability shift deadline and determine an appropriate new date once this crisis has passed."
Last month, Visa indicated to fuel retailers that they would not extend the deadline because it was too soon to know the extent of COVID-19’s impact. NATSO and the other associations sent a second request to Visa reiterating the EMV deadline was “causing additional stress for these businesses at the same time they are worried about their economic survival and the wellbeing of their employees and customers.”
Visa is currently the only card network that has announced a delay in the EMV liability shift deadline. NATSO, however, remains hopeful that the other card networks will join Visa in offering an extension.
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