bob_nestor wrote:
I wonder if these limits at the pump have to do with the change over to chip readers. I know that for other merchants the liability for card fraud switched from the bank to the merchant if the merchant didn't have chip readers installed by a certain date. For transactions processed by a chip reader the fraud liability is with the bank. The only chip readers at gas pumps that I can recall are the ones I used in Canada this summer.
For gas stations, they're still playing by the old rules currently. Originally everyone was supposed to have chip readers by the end of 2015 or face the consequences outlined in the liability shift. Gas station owners complained about the cost of new equipment and their deadline was pushed back to Oct 2017. Right now there's no real incentive to get the readers installed since they're still not on the hook as of yet. I don't think they should've been given a delay. In Canada, Visa and Mastercard had a liability shift for gas stations all the way back in 2012.
