Download presentation
Presentation is loading. Please wait.
Published byAdam Carpenter Modified over 9 years ago
1
Card Brand Mandates
2
Key EMV dates from Card Brands © 2012 VeriFone Systems, Inc. 2012: TECH Innovation Program (TIP) - PCI validation relief for Level 1 and Level 2 merchants that adopt dual-interfaced solutions in any year that at least 75% of the merchant transactions originate from a chip enabled terminal Note: must be capable of actually processing EMV cards and NFC contactless payments; merchants cannot just install “EMV ready” equipment....so, not really happening! 2013: Acquirer Chip Processing Mandate - Acquirers and processors must demonstrate the ability to process EMV transactions and NFC contactless payments 2015: Liability Shift from Issuer to Merchant - Merchants of any size, will be liable for domestic and cross-border counterfeit fraud committed at the point of sale if they are not using a compliant EMV & NFC POS solution (Automated Fuel merchant liability shift in 2017)
3
“Liability Shift” Defined A non-compliant merchant is liable for fraud that occurs on any chip card used on a magnetic swipe terminal, with the liability for the chargeback belonging to the merchant. A non-compliant issuer is liable for fraud that occurs on any magnetic stripe card used on a chip card- enabled terminal, with the liability for the chargeback belonging to the issuer. 3
4
Points to Remember EMV is essentially a standard that dictates the interaction between a smart (chip) “card” and a POS payment technology EMV chips can be either contact or contactless and are read & write capable There are currently no merchant EMV mandates… only financial incentives in the form of the chargeback liability shift © 2012 VeriFone Systems, Inc.
5
VeriFone VX520 & Ingenico Telium 2
6
EMV Terminals: VeriFone VX Evolution VX520 Countertop Dual Comm Internal PIN pad MSR EMV NFC VX820 Customer Facing PIN pad Vx520 MSR EMV NFC NOTE: VeriFone wireless to be available once 3G solution on the market EMV NFC Hand-Over Design
7
EMV Terminals: Ingenico Telium2 iCT250 Countertop Dual Comm Internal PIN pad MSR EMV NFC iWL250G Portable - GPRS Internal PIN pad MSR EMV NFC 3G Technology iPP320 Customer Facing PIN pad iCT220 or iCT250 MSR EMV NFC iCT220 – Class A Support Countertop Dual Comm Internal PIN pad MSR EMV
8
ContactlessEMVMagstripe Backlit 19 key18+ LPS printerDual IP & DialSharp Color Display Dual ProcessorCable Management NFC Small FootprintPrivacy Shield iCT250
9
iPP320 Countertop PIN Pad Connects to Telium Countertop Line Embedded Contactless EMV
10
iWL250 Contactless Small Footprint Lightweight 30 LPS Thermal Printer 25mm & 40mm Paper Roll Option 3G WirelessGPRSDynamic SIM 30 LPS Printer ContactlessSmart CardLi-Ion BatteryLightweight Charging & Comms Base
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.