MYRTLE BEACH, SOUTH CAROLINA
Steve Scarince, representing the United States Secret Service, spoke about upgrading to Europay, MasterCard, and Visa cards at the Gilbarco Veeder-Root 2017 Retail Technology Conference. Businesses in the United States have been so slow to adapt to EMV, or chip cards, deadlines for transition have been pushed back. At first, convenience stores were supposed to fully convert by October 1, 2015; with pay at the pump granted two additional years. The penalty for noncompliance was that businesses that didn’t upgrade would be financially liable for fraud against magnetic-stripe cards. While convenience store owners have now been given until October 1, 2020 to convert, Scarince said operations in areas prone to fraud could be billed for chargebacks before then. To date, about 44% of businesses have made the change. Scarince noted that even though people are finding ways to scam chip cards, since Canada converted to chips, credit card fraud has spilled into the United States.