EMV

VeriFone EMV Software Installation Information

As previously mentioned, there have been problems with the installation of the new VeriFone EMV software.  Working with VeriFone, First Data and several vendors, the following information is being provided to assist you with the EMV software upgrade.  
 
Prior to upgrading, please keep in mind the following:  
 
  • Site should have a VeriFone Zone Router installed with the internet connection plugged into the “payment controller” port on the Commander/Ruby CI;

EMV Software for the VeriFone Commander and Ruby CI is NOW AVAILABLE

EMV Software for the VeriFone Commander and Ruby CI is NOW AVAILABLE.  For sites that have already made hardware upgrades, please contact the VeriFone Help Desk and request Version 3.02.22, which is the software supporting EMV.  In order for the remote download to take place (and all future downloads) the Automatic Download feature must be turned on.  Your tech should have done this at the time of install.  If this feature has not been turned on, you will need to contact your vendor and an on-site tech vi

Why EMV Still Matters

The decision to delay the forecourt EMV liability shift from October 1, 2017 to October 1, 2020, came as quite a surprise to many in the industry.  While the delay provides retailers with additional time to make EMV upgrades, upgrades are likely to continue at a rapid pace given the potential risks to retailers choosing to wait.

Despite the delay in the liability shift date, the petroleum industry will continue to move forward with implementation and dealers are encouraged to make upgrades as soon as they become available. 

EMV at the Pump: Should you wait until 2020?

Industry reports suggest that approximately 33% of dispensers in the market are capable of processing payments to EMV data-security standards with either a software or small hardware upgrade.  Both Gilbarco and Wayne began shipping “EMV-ready” dispensers in 2011.  Both manufacturers are reportedly close to or have released software to enable EMV, and there is a high probability that many networks will be processing EMV from the pumps by mid-to late 2017.

Official VISA Release: U.S. Automated Fuel Dispenser EMV Liability Shift Delayed to 2020

 
Systems & Operations | Visa Rules 1 December 2016 
 
U.S. Automated Fuel Dispenser EMV Liability Shift Delayed to 2020 
U.S. | Acquirers, Issuers, Processors, Merchants, Agents 
 
Overview: The EMV liability shift for U.S. domestic automated fuel dispenser (AFD) transactions has been delayed until 1 October 2020. Visa will expand its current Visa Fraud Monitoring Program (VFMP) to help mitigate counterfeit fraud at U.S. AFDs during the interim period. 
 

***EMV Liability Shift at the Forecourt has been Postponed***

Visa has announced a three-year postponement of the liability shift date for self-serve gas pumps to be certified to process smart chip card transactions. Instead of the original date of Oct. 1, 2017, it is now Oct. 1, 2020, according to an announcement on Visa's website.
 
The company acknowledged that "five years after announcing our liability shift, there are still issues with a sufficient supply of regulatory-compliant EMV [Europay MasterCard Visa-standard] hardware and software to enable most upgrades by 2017."
 

What the Tax Extenders Bill Means For You

 
What the Tax Extenders Bill means for you...permanent tax code change can provide significant tax savings.
 
Just before Christmas 2015, President Barack Obama and the Senate approved legislation that provides convenience store owners and other small businesses several significant tax benefits.  This legislation enables those purchasing new or used capital equipment, making site improvements, or pumping alternative fuels to capture benefits.
 

Pages