Payments News

Gas stations get reprieve on EMV deadline from Visa, but will that suffice? (John Drechny quoted)

May 05, 2020

Visa’s the first card company to push back the October deadline for U.S. gas station EMV compliance, but that’s just one of a mounting set of challenges petroleum merchants are facing because of the coronavirus.

Gas stations were originally supposed to be EMV compliant by October 2017, but that was pushed to October 2020 to accommodate the complexities of updating or replacing fuel pumps. They will now have until April 2021 before Visa imposes a fraud liability shift for non-compliant stations. Mastercard, Amex and Discover have not yet changed their deadlines, but have typically aligned themselves with Visa's timeline.

Visa's easing was reported by industry trade groups — the card brand did not issue a formal statement as of Monday morning and did not return a request for comment.

“We’re happy they’ve decided to do something,” said John Drechny, CEO of the Merchant Advisory Group. “But we’re still going to have a lot of stations that won’t be EMV ready, even in April. The market would have preferred a much longer delay.”

By John Adams

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