The evolution of delivering money to casino players
By Dave Bontempo
Global Gaming Business
It began as a major detour, dwindled to a speed bump and now gravitates toward the rear-view mirror of gaming’s financial journey.
The Europe, Master Pay and Visa (EMV) fraud liability shift, making ATM owners rather than card issuers absorb the cost of theft, dawns more subtly than once expected next month. The deadline initially brought panic in some casino quarters. They mirror changes unfolding last fall in convenience stores, requiring owners to adopt chip technology over the magnetic card in order to maintain theft protection. If customers don’t invest in new technology—designed to make POS theft nearly obsolete—they assume fraud risk.