Last week, Visa, MasterCard and American Expressed delayed the EMV migration deadline for gas stations from October 2017 to October 2020 -- but that doesn't mean that gas stations can now relax their EMV upgrade plans
Implementing chip cards at the nation’s outdoor fuel pumps is more complex when compared to indoor terminals. Weather plays a role, as do the network configurations required to connect the pumps to banks that certify the payments.
Retailers, hotels and restaurants have all been victimized through the same Achilles' heel that cyber criminals continue to attack: the point-of-sale system, where customer's payment data is routinely processed.
A federal judge has ruled it is plausible that four national credit-card companies improperly conspired “in lockstep” to set a deadline of Oct. 1, 2015 for requiring retailers to upgrade their technology to accept embedded chip cards...