Visa, MasterCard and American Expressed delayed the EMV migration deadline for gas stations from October 2017 to October 2020. Gas stations that have the older magnetic-stripe card readers will become liable for fraud losses even before the deadline. Gas pumps account for about $400 million of counterfeit fraud each year, an industry expert says. There are about 800,000 pumps needing to be upgraded, and there aren’t nearly enough people to install the new systems. The EMV conversion is much more difficult and more expensive than switching over check out registers.”]