US retailers fear they’ll miss EMV transition deadline | PaymentEye

By | April 8, 2015

A US trade group is asking the payment-card industry to delay the October EMV transition plan that will leave the retail food stores and pharmacies it represents liable for fraudulent transactions if they are unable to meet the deadline.

Source: www.paymenteye.com

FMI sent letter to VISA/MC asking for 2016. Retail food stores and pharmacies will not be able to meet 2015 deadline.

Along with the cost of updating their equipment, merchants face a 16-week delay for delivery of EMV-enabled card readers, the letter said. The group of American retailers also fears that the introduction of chip cards will cause larger checkout queues during the run up to the holiday season.

Author: Staff Writer

Craig Keefner is the editor and author for most Kiosk Association and kiosk industry. With over 25 years in the kiosk industry and experience in large and small kiosk solutions, Craig is widely considered to be an expert in the field. Major kiosk projects for him include Verizon Bill Pay kiosk and hundreds of others.