The deadline to upgrade outdoor payment terminals to EMV CHIP compatibility is coming. An extension was granted to gas stations but will expire in April 2021. When it does, liability for fraud will shift from banks and card companies to the fuel and convenience retailers.
Mercator Advisory Group estimates the liability risk at the pump for owners of a dozen sites could easily exceed $200,000 in the first year alone.
April 2021 may seem like a long time away, but waiting until the last minute may be a bigger risk than delaying further. It is a complex undertaking but TNS can help.
Learn what’s at stake for your bottom line. Our new calculator tool will help you determine how much money is at risk for your business.
TNS has offered a broad portfolio of commerce solutions for 30 years, working with companies to help them provide everything from ATM connectivity to managed processing. We work with some of the world’s most prestigious financial institutions, POS ISOs, ATM deployers and transaction processors.