National ATM council and MasterCard update EMV liability shift plan

Assisting EMV shift

The National ATM Council and MasterCard have outlined an update to its EMV liability data shift plan by issuing an “Open letter to the U.S. ATM Industry”.

In order to help the U.S. ATM industry with a “balanced and workable” solution to the April 19th 2013 migration date for non-U.S. issued Maestro cards, MasterCard will launch a new Fraud Rule Manager platform.

As a result, Fraud Rule Manager will be automatically implemented all non-EMV ATMS in the U.S. It will block all transaction subject to the liability shift on the 80% of U.S. ATMs that have averaged one or fewer cross-border Maestro transactions per month last year. 

Related reading

Leave a comment