JACKSONVILLE, Fla. (2/19/13)--The National ATM CounciI Inc. (NAC) has sent a letter to MasterCard requesting a delay in implementing EMV chip card liability shifts for Maestro international cards used at ATMs in the U.S.
NAC is a trade association representing U.S. Independent ATM providers--including credit unions--and their suppliers.
"With little more than two months until MasterCard's April 19 liability shift for Maestro cards, there is still no universally applicable AID [Application Identifier] for EMV [Europay, MasterCard and Visa] in the U.S.," said Bruce Renard, NAC executive director. "And, even if one were available today that would meet federal laws on financial network routing, there is no financially or operationally realistic way the entire U.S. ATM embedded base can be expected to be made EMV compliant in the timeframe involved."
The letter was co-signed by NAC and 36 member organizations, including ATM deployers, processors and manufacturers, many of whom attended the Jan. 29 NAC-sponsored EMV ATM Summit Meeting in Dallas.
The letter requests that the Maestro card liability shift in the U.S. be delayed until:
- Formulation of a universally accepted AID consistent with financial transaction network routing requirements established under the Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act.
- Adequate time is provided for the ATM industry to test and deploy the AID, and all related hardware and software upgrades and change outs necessary to render the embedded U.S. ATM base of more than 425,000 terminals EMV compliant.
In September 2011, MasterCard announced that a liability shift for all counterfeit ATM transactions performed on the Maestro network would be implemented on April 19, 2013. More recently, on Sept. 10, 2012, MasterCard announced that it would implement its liability shift hierarchy on Oct. 1, 2016. That has created confusion in the marketplace as to the status of the earlier announced liability shift for MasterCard's international Maestro cards used at U.S. ATMs, said NAC.
NAC has asked MasterCard to clarify that the Maestro card liability shift was intended to be included in the overall Oct. 1, 2016, EMV-related liability-shift plan. NAC also has requested that MasterCard consider aligning its liability shift plan for Maestro and all other domestic debit cards with Visa's recently announced Oct. 1, 2017 deadline. That would provide a uniform and more realistic implementation timetable for all ATMs in the U.S. to be made EMV compliant, NAC said.
"In addition to developing a universal AID, the industry needs reasonable time for certification, deployment, testing and trouble shooting of hardware and software for all of the different ATM makes and models that comprise the approximately 425,000 ATMs currently deployed in the U.S, and we are hopeful that MasterCard will acknowledge these realities and reconcile its timetable accordingly," Renard said.