You’ve probably noticed retailers are increasingly using the little chip on your credit or debit card to accept transactions. Unfortunately, fueling stations have been slower to adopt the change in digital security, as it requires more than simply putting a new screen at the checkout counter. Gas stations have to install expensive new pumps, which is why you tend to see more chip readers at the larger stations. Costco will definitely have them, but that little convenience store near your house where you fill up on Monday mornings may not.

Unfortunately, station operators that haven’t updated their pumps by October 2020 will become liable for any credit card fraud that occurs at their businesses now that Visa and Mastercard have rejected a request to further delay the deadline for chip readers. (Read More…)