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![TMCNet: ATM Industry Association Asks Global Payment Networks to Standardize ATM Roadmap for Chip Card Migration in U.S. [Manufacturing Close - Up]](http://images.tmcnet.com/siteart/invisible.gif)
ATM Industry Association Asks Global Payment Networks to Standardize ATM Roadmap for Chip Card Migration in U.S. [Manufacturing Close - Up]
(Manufacturing Close - Up Via Acquire Media NewsEdge) The ATMIA in the U.S. has published an open letter to Global Payment Networks advocating a realistic, consistent approach to chip card migration (EMV) for ATM deployers and operators, specifically relating to the resulting imminent liability shift.
According to a release, on April 19, ATM owners and operators will become responsible for foreign transaction fraud at any of the more than 425,000 U.S. machines. Conversely, the retail merchant liability timeline extends to 2015.
The letter asserts that this deadline is not achievable because a solution that can be consistently rolled out to the entire network has not been created or agreed upon by the Payment Networks and the ATM industry. The near term issue with the deadline is not only the ATM operators' inability to deploy a workable solution, but the fact that they are not permitted to decline transactions that may be fraudulent. And, there are significant longer-term issues that need resolution, including software development in numerous areas and the specific testing and certification procedures that will be required by all ATM networks and processors.
"If changes aren't made to this deadline, the end result could be that some ATMs might be taken out of service. Particularly hard hit may be tourist areas where the volumes of foreign transactions trend higher," said David Tente, ATMIA U.S. Executive Director. "With consistent roll out requirements and reasonable liability shift timing, the industry will have a better chance at being successful and minimizing service disruptions."
More information: www.atmia.com/news/2013/03/07/united-states/ atmia-calls-for-consistency-in-emv-roadmaps-for-atms
www.atmia.com
((Comments on this story may be sent to newsdesk@closeupmedia.com))
(c) 2013 ProQuest Information and Learning Company; All Rights Reserved.
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