Skip to main content
Home
Header Top Menu
  • About Us
  • COVID Resources
  • Careers
  • Contact Us
  • RTC23

Main navigation

  • Products
    • Retail Fueling Products
      • Retail Fuel Dispensers
      • Retail Fuel Dispenser Upgrades
      • Forecourt Media Platforms
      • Alternative Energy Dispensers
    • Passport Retail Platform
      • Passport Point-of-Sale
      • Express Lane Self-Checkout
      • Express Ordering Foodservice Solution
  • Solutions
    • IT
    • Operations
    • Marketing
    • Strategy
  • Resources
    • Blog
    • Training & Certifications
    • Support
      • EMV Resource Center
      • Forecourt EMV Migration
      • Passport POS Partners
      • Passport Software Offering (PSO)
      • Passport Training
      • Third Party Developer Support
      • Tips & Tricks for your POS
  • Get a Free Quote
Language Switcher
  • North America
  • Latin America
  • Europe
  • Nordic
  • Middle East and Africa
  • Brazil
  • India
  • China
  • South East Asia
  • Australia
Sidebar Menu
  • Find A Distributor
  • Get a Quote

Main navigation

  • Products
    • Retail Fueling Products
      • Retail Fuel Dispensers
      • Retail Fuel Dispenser Upgrades
      • Forecourt Media Platforms
      • Alternative Energy Dispensers
    • Passport Retail Platform
      • Passport Point-of-Sale
      • Express Lane Self-Checkout
      • Express Ordering Foodservice Solution
  • Solutions
    • IT
    • Operations
    • Marketing
    • Strategy
  • Resources
    • Blog
    • Training & Certifications
    • Support
      • EMV Resource Center
      • Forecourt EMV Migration
      • Passport POS Partners
      • Passport Software Offering (PSO)
      • Passport Training
      • Third Party Developer Support
      • Tips & Tricks for your POS
  • Get a Free Quote
Language Switcher
  • North America
  • Latin America
  • Europe
  • Nordic
  • Middle East and Africa
  • Brazil
  • India
  • China
  • South East Asia
  • Australia
Sidebar Menu
  • Find A Distributor
  • Get a Quote

Get a Quote

Find a distributor near you

Enter your city, state, or postal code

Report: ‘Tens of Thousands of Dollars’ in Monthly Losses Expected for Retailers without Outdoor EMV

Gilbarco Veeder-RootJuly 13, 2020EMV,
Share

Businesses that go without EMV on their forecourts should expect damaging monthly losses and no site is immune, according to a new fraud report. Even relatively small gas station operators can now expect ‘tens of thousands of dollars’ in fraud losses monthly for each station once the EMV liability shift goes into effect in April 2021.

We have previously detailed the painful process of getting hit with a chargeback and the criminal system in which fuel thieves operate. These new numbers mirror the harsh reality of waiting to upgrade or skipping it altogether.

Via Digital Transactions:

In an example offered by Mercator, an operator with 12 locations spread evenly among areas deemed be low-, medium-, and high-risk, would face fraud liability totaling $17,315 per store over 12 months, or $207,783 overall. “This could change dramatically depending on the risk position of each station, and it should be noted that Mercator’s calculation takes a decidedly conservative approach,” said Tim Sloane, vice president of payments innovation at Marlborough, Mass.-based Mercator, in a statement.

The new outdoor EMV deadline will be April 17, 2021. If you haven’t begun your outdoor EMV upgrade, we strongly suggest contacting your local Gilbarco distributor as soon as possible.

You can find more information with our Quick EMV Migration Guide and even more resources here.

Related Blogs

2020 EMV Deadline Stands

December 6, 2019

3 Core Reasons Why EMV Still Matters

January 4, 2020

3 Reasons for Contactless Payment

October 28, 2021

4 Factors for Building Outdoor EMV

May 26, 2020
footer-logo

Copyright © Gilbarco Veeder-Root Company.
All rights reserved. Unauthorized duplication prohibited.

7300 W Friendly Avenue
Greensboro, NC 27410, USA

1.336.547.5000   Facebook  Twitter  LinkedIn  Instagram  YouTube

Cookie Settings

Trending Blogs
  • The 2023 NACS Show: Standout Moments of This Memorable Event
  • Gilbarco Veeder-Root Announces Retail and Fleet Charging Solutions Financing Program
  • Gilbarco Veeder-Root and Skycharger Partner on Innovative EV Charging Funding for Fuel Retailers
  • Prepare Early for Extreme Weather
  • Gilbarco Veeder-Root Retail Solutions announces payment solutions deployment with Shell for nearly 13,000 locations.
  • Highlights from RTC23: A Memorable Gathering of the Minds
  • Replace or Retrofit to Boost Fuel Volume
  • Is Upgrading Dispensers a Good Investment?
Footer Menu
  • Blog
  • Subscription Center
  • Extranet
  • Distributor Locator
  • Spare Parts
  • Support
  • Careers
  • Contact Us
Footer Links
  • Legal
  • Privacy Policy
  • Sitemap