ATM EMV LIABILITY SHIFT DATES

Network

Master Card/Cirus

Accel

AFFN

AmEx

CU24

NYCE

Pulse/Discover/Diners Club

Star

Union Pay (China Union Pay)

Visa/Plus

 

October 21, 2016

October 1, 2017

October 1, 2017

October 1, 2017

October 1, 2017

October 1, 2017

October 1, 2017

October 1, 2017

October 1, 2017

October 1, 2017

What is EMV?

EMV stands for the networks Europay, Mastercard and Visa, that developed the chip card technology.

why is it better?

The microprocessor chip embedded in the card provides better security then a card with traditional magnetic swipe.

why Change Over to EMV?

EMV already in use through most of the world. The migration to EMV chip cards in the United States is expected to help us reduce the $7.1 billion worth of card fraud that occurs annually.

 

Less than

25%

of the world's

card transactions

 

Over

51%

of the world's

card based fraud

Liability Shift

What's the impact to your business?

The liability shift is intended to assign liability for fraudulent card activity to the party in the transaction that is using the less secure technology.  This shift is not a mandate by the card network to ATM deployers to migrate EMV but it does provide a strong incentive to make the upgrade.  If card fraud occurs at one of your terminals, you will be responsible for any financial losses of the card holder.

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