EMV Transition for US Banks

EMV_headerSo what is EMV? EMV (Europay International, MasterCard Worldwide and Visa) is designed to provide enhanced security to card payments by utilizing a secure chip that has a embedded microprocessor in a plastic payment card (Debit/Credit Card). The microprocessor chip contains the information needed to use the card for payment, and is protected by various security features.

The benefits of switching to EMV?

1) Reduce fraud from counterfeit and lost/stolen cards
2) Authentication of chip card
3) Risk management parameters
4) Digitally signed payment data
5) Robust cardholder verification

The timeframe for implementation into the United States is still unclear. What has been released are the dates in which the networks will move liability to the ATM owners is as follows;

– Maestro Inter-regional transactions = April 19th 2013

– MasterCard, Cirrus, and Maestro = October 2016

– Visa, Interlink, and plus = October 2017

After these dates liability for fraudulent transactions at the ATM will be the responsibility of the party that is not EMV compliant.

There are three options that can be taken in the next years.

1) Upgrade your NCR software to 4.0 and update your card reader to a smart chip reader and purchase the EMV Kernel.
a. Please note that you need to check with your network to be sure they are ready to make the switch as well as you will need to update your customer debit cards.

2) Upgrade to Windows 7 at the beginning of 2014 when the latest NCR Software 5.0 is released and at the same time upgrade your card reader to a smart chip reader with the EMV required Kernel.
a. This may require new equipment (core, reader, etc.) dependent on the model of ATM you possess. Almost all Self Serv ATMs are hardware ready for this upgrade
b. Personas 86 machines will require hardware upgrade

3) Lastly hold out until late 2014 after your Windows 7 upgraded. Windows 7 can be implemented first and the EMV upgrade done at a later date.

We are happy to schedule a site survey to determine what the upgrade cost for software/hardware will be for your ATMs. For more information and pricing please contact your sales representative.

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