Discover Postpones EMV Fraud Liability Shift for Automated Fuel Dispensers
14 Maggio 2020 - 12:34AM
Business Wire
In light of current economic and operational challenges
merchants are facing, Discover is extending the EMV fraud liability
shift effective date from October 16, 2020 to April 16, 2021, for
contact chip transactions at automated fuel dispensers. The new
date gives petroleum merchants more flexibility on installing new
systems as many are dealing with economic and logistical challenges
limiting their ability to make changes at their pumps due to the
COVID-19 pandemic.
“With the current pandemic impacting merchants around the
country, we looked at our mission to be a good partner, and believe
that moving this date will ease the concerns for gas stations as
they look to update their automated fuel dispensers,” said Andrew
Hopkins, senior vice president of global products and pricing at
Discover. “EMV has significantly reduced counterfeit fraud and we
encourage our merchants to continue their efforts to migrate their
fuel dispensers to EMV.”
Discover will continue to support the payments ecosystem through
the migration to EMV payments by providing education, streamlining
EMV terminal certification and promoting terminal
self-certification programs.
Please reach out to dpasinfo@discover.com with any questions
About Discover
Discover Financial Services (NYSE: DFS) is a digital banking and
payment services company with one of the most recognized brands in
U.S. financial services. Since its inception in 1986, the company
has become one of the largest card issuers in the United States.
The company issues the Discover card, America's cash rewards
pioneer, and offers private student loans, personal loans, home
loans, checking and savings accounts and certificates of deposit
through its banking business. It operates the Discover Global
Network comprised of Discover Network, with millions of merchant
and cash access locations; PULSE, one of the nation's leading
ATM/debit networks; and Diners Club International, a global
payments network with acceptance around the world. For more
information, visit www.discover.com/company.
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version on businesswire.com: https://www.businesswire.com/news/home/20200513005866/en/
Sarah Grage Silberman 1-224-405-6029
sarahgragesilberman@discover.com @Discover_News
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