Although Visa Inc. has created an incentive plan to get merchants and acquirers to accept EMV chip cards by a certain deadline, ATM makers will also soon have to get into the chip card game and build machines that accept EMV cards, reports the American Banker.
As EMV chip cards slowly make their way into the U.S., if banks want customers to use Visa EMV cards at their ATMs the machines need to be properly equipped.
The rollout of chip-reading ATMs will most likely be a long process because EMV implementation is not a federal mandate, and the sheer number of ATMs in the country. Whether or not a bank will convert to chip-reading ATMs will most likely depend on the size of the institution.
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