Bloomberg: U.S. Gas Stations Rush to Adopt Chip Cards After Failed Bid to Delay Deadline

Linda Toth's picture

Gas stations around the U.S. are rushing to upgrade fuel pumps to accept credit and debit cards with chips after Visa Inc. and Mastercard Inc. rejected a request to delay a looming deadline to complete the work.  Beginning in October, station operators that haven’t modernized their pumps will face liability for any card fraud.  In a 2019 survey by Conexxus, more than half of participants cited a lack of available software for not having chip technology fully deployed, while about 15% pointed to a shortage of hardware.....