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Why many ATMs may soon disappear

September 9, 2016

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Using your bank’s ATM is already a good move if you’re trying to avoid paying withdrawal fees for going out of network. And soon, you might be forced to use your bank’s ATM more often: There may be fewer third-party ATMs at places like bodegas, restaurants and bars.

Starting in October, MasterCard MA, +0.41%   will no longer take financial responsibility for counterfeit charges on MasterCard debit and credit cards, if the fraud occurred because a card was compromised on an ATM that is not upgraded to work with EMV or chip-enabled cards.

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