A. April 1, 2013 – Acquirer processors will be required to support merchant acceptance of chip transactions, plus some infrastructure updates will be required.
B. October 1, 2015 – Liability will shift to merchant acquirers on non-EMV enabled POS terminals.
C. October 1, 2017 – Liability shift takes effect for transactions generated from automated fuel dispensers as this will allow more transition time to account for higher equipment/pump costs.
According to Visa and Mastercard, these are the dates to remember:
Card&Beyond, Inc. is a registered ISO of Wells Fargo Bank, N.A., Walnut Creek, CA.