Re:Why You Still Can’t Use a Chip Card Everywhere
by tzs on Monday July 25, 2016 @07:44AM
(#12157969)
> Merchants are suing to have this overturned because they don't want to pay for an upgrade if they can get a court to force the old terms to stay in place
I haven't seen those. Which merchants are involved?
The lawsuits I've seen over chip cards were merchants who want to switch and are upset either because the card consortium is being too slow, or because the merchants want to require PINs and the card companies won't allows that:
• B&R Supermarket. Bought new NCR Equinox L5300 terminals to be ready for chip cards well before the deadline, installed them, trained their staff, and asked the card network consortium for certification. Liability shift deadline came but the consortium has not certified B&R yet, and now B&R is getting hit by a lot of fraud and chargeback charges that they had not suffered before. They are annoyed that the same group that is taking so long to certify them is also the group the benefits from the liability shift, and so are suing.
• Home Depot. They have upgraded their terminals to accept chip cards, but want to require PINs reather than signatures. Suing to try to force the card companies to allow that.
I haven't seen those. Which merchants are involved?
The lawsuits I've seen over chip cards were merchants who want to switch and are upset either because the card consortium is being too slow, or because the merchants want to require PINs and the card companies won't allows that:
• B&R Supermarket. Bought new NCR Equinox L5300 terminals to be ready for chip cards well before the deadline, installed them, trained their staff, and asked the card network consortium for certification. Liability shift deadline came but the consortium has not certified B&R yet, and now B&R is getting hit by a lot of fraud and chargeback charges that they had not suffered before. They are annoyed that the same group that is taking so long to certify them is also the group the benefits from the liability shift, and so are suing.
• Home Depot. They have upgraded their terminals to accept chip cards, but want to require PINs reather than signatures. Suing to try to force the card companies to allow that.
• Walmart is suing Visa over the same issue.
• Kroger. Same issue.