EMV/NFC implementation timeline

Following are important past and future milestones in the U.S. transition to EMV/NFC payment acceptance technology:

 Oct. 1, 2012

American Express Co., Discover Financial Services, MasterCard Worldwide and Visa Inc. eliminate the requirement for eligible merchants to annually validate their compliance with the PCI DSS for any year in which at least 75 percent of the merchant's transactions originate from chip-enabled terminals.

 April 1, 2013

Visa and MasterCard require that all acquirers and sub-processors make the necessary changes to their systems to ensure they are able to fully process EMV transactions.

 Oct. 1, 2013

MasterCard sets ADC relief for merchants who process more than 75 percent of their transactions from an EMV/NFC-capable terminal - 50 percent reduction in card reissuance and fraud reimbursement to issuers.

 Oct. 1, 2015

AmEx, Discover, MasterCard and Visa intend to institute a U.S. liability shift for domestic and cross-border counterfeit card-present POS transactions. This liability shift will mean that the entity with the lowest form of technology in the transaction will be liable if the transaction turns out to be fraudulent. For instance, if a fraudulent transaction occurs and the card involved in the transaction was either issued as an EMV- or NFC-capable card and the merchant is not EMV/NFC-capable, then the merchant will pay for the fraud.

 Oct. 1, 2015

MasterCard increases ADC relief for merchants that process more than 75 percent of their transactions from an EMV/NFC capable terminal - 100 percent reduction in card reissuance and fraud reimbursement to issuers.

 Oct. 1, 2017

AmEx, Discover, MasterCard and Visa expand liability shift to be effective for transactions generated from automated fuel dispensers.