October 1, 2017, marked two years since the October 1, 2015, EMV liability shift took place at the Point-of-Sale (POS). Hardware and software upgrades should have already been made to your POS, allowing you to accept EMV cards and providing you with protection from counterfeit transaction liability.
Visa has announced a three-year postponement of the liability shift date for self-serve gas pumps to be certified to process smart chip card transactions. Instead of the original date of Oct. 1, 2017, it is now Oct. 1, 2020, according to an announcement on Visa's website.
The company acknowledged that "five years after announcing our liability shift, there are still issues with a sufficient supply of regulatory-compliant EMV [Europay MasterCard Visa-standard] hardware and software to enable most upgrades by 2017."