The first EMV chip transactions have now occurred in the U.S.
If your Gilbarco dispenser is EMV-ready, turning on EMV at the dispenser only requires a simple Passport software upgrade. Industry research suggests that up to half of the gallons pumped in the U.S. in 2018 will be from EMV enabled dispensers – dispensers that have EMV hardware installed and need only a POS or minor dispenser upgrade.
Why this matters?
Remember the card skimming wave, in which fraudsters attach false fronts to outdoor ATM and gas pump point-of-sale terminals to harvest the details off your card’s magnetic stripe and clone your card?
Well, the new card skimming is called 'shimming'. It targets EMV chip cards and is very hard to detect, but remains extremely rare.
The Do’s and Don’ts of the EMV Delay…As petroleum retailers you can benefit from the delay as long as you have a full understanding of the associated risks. Take advantage of this brief reprieve to make the most of the EMV compliance delay for automated fuel dispensers.
DO proceed with EMV completion at your Point-of-Sale (POS)
- 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. 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
Mobile pay solutions, such as Apple Pay, Android Pay, Samsung Pay, and contactless payment options, are garnering a lot of attention in the industry. In additional to these mobile pay options, research predicts that in 3—4 years, 50% of EMV cards in the U.S. will also have contactless capabilities.
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.
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.