EMA Requests Card Networks To Extend Upcoming EMV Liability Shift Deadline
Thursday, the Energy Marketers of America (EMA) along with NACS, SIGMA and NATSO requested that the card networks extend the EMV liability shift deadline for one final time through October 2021 to ensure small business fuel retailers have time to fully comply.
EMA recently heard from its state association member companies that major equipment and service providers are booked through this summer for EMV projects.
For example, Arkansas retailers are experiencing a six-to-ten-week lead time for EMV equipment to arrive plus another two to three weeks for installation.
Rural small business retailers are also experiencing delays due to lack of technicians and equipment.
Click Here to read the letter.
Due to the COVID-19 pandemic, the card networks extended the deadline from October 1, 2020 to mid-April 2021. Specifically, the AMEX, Discover and Mastercard deadline is April 16th while VISA’s deadline is April 17th.
There is no guarantee the card networks will extend the deadline again, therefore, EMA urges retailers to be fully EMV compliant as soon as possible.