#48 EMV Implementation Extension—But Don't Put Off Upgrades
from Convenience Matters
Those new "chip" credit card readers that are seen inside some retail stores may not be coming to your local gas station as soon as originally planned—the implementation date to require something known as EMV at gas pumps was extended from October 2017 to October 2020. This announcement is particularly beneficial to the fuel retailing community. What does this implementation date change mean for small and medium-sized retailers that comprise 80% of the convenience and petroleum retail market—and how does this affect your fill-up? The hosts discuss how the new implementation date for outside EMV affects retailers—and their customers.
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