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Circle The Date! The EMV Liability Shift Deadline for ATMs is October 1, 2016

Circle The Date! The EMV Liability Shift Deadline for ATMs is October 1, 2016
Posted: Jan 15, 2016
Comments: 0
Author: Barney Moore

I guess you could say there is no rest for the weary. Credit unions faced with EMV enablement and the implementation of card issuance strategies to meet the recent October 1, 2015 EMV card liability shift date now have another rapidly approaching EMV liability shift date to circle on the calendar.

Next up is the liability shift at ATMs that takes place on October 1, 2016. The deadline is specifically for MasterCard-branded cards, while Visa’s shift will occur in 2017. After the October 1 date, the cost of fraud shifts to ATM hosts for all chip cards used at ATMs that are not EMV enabled.

You will want to read this informative Credit Union Times article that discusses what the liability shift at ATMs means to your credit union and the challenges that you will face.

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