VISA SHIFTS LIABILITY FOR EXCESSIVE DISPENSER FRAUD
VISA SHIFTS LIABILITY FOR EXCESSIVE DISPENSER FRAUD
Effective Nov. 1, Visa began shifting liability for excessive fraudulent transactions at automated fuel dispensers (AFDs) to station operators. Under Visa’s program, retail fuel marketers are deemed to have “excessive” fraud when they reach at least $10,000 in monthly counterfeit AFD transactions and a fraud-to-sales rate of at least 0.2 percent. Visa has been notifying retailers of their fraud levels for the past several months so high-risk locations could improve their performance before the liability shift.
Visa’s fraud monitoring program will end Oct. 1, 2020, when all marketers that have not converted to EMV-compliant equipment in the forecourt will assume liability for fraudulent AFD transactions.
Visa’s fraud monitoring program will end Oct. 1, 2020, when all marketers that have not converted to EMV-compliant equipment in the forecourt will assume liability for fraudulent AFD transactions.
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