We are all still hearing about EMV in the Point of Sale world. And we still get questions about what it means to your business. I thought I would share this blog post from NCR Counterpoint:
I thought we would share the press release from the National Retail Federation (see link below).
They are spot on when they talk about the importance of tokenization and encryption - which is completely different than the EMV issue - tokenization and encryption help prevent card data theft - very serious credit card security issues that should concern every retail store owner.
"While chips make it more difficult to create counterfeit cards from stolen card data, retailers surveyed said they are also working on technologies like tokenization and encryption that make it difficult to steal card data in the first place."
Here at Skurla's POS Solutions, we are seeing all levels of EMV solution readiness - we work with dozens of vendors - and there is still A LOT of confusion in the marketplace. Several solutions that claim to be ready, may in fact be only partially ready. It depends on who you process with, what payment methods you take (for example, many many processors and EMV solutions still don't have debit and EBT certified on an EMV solution yet), what software you use, what hardware you have, etc.
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If you are using Ingenico iSC250 payment terminals with NCR Secure Pay, the 8.5.2 Service Pack allows you to process EMV card transactions.
Note: Your iSC250 payment terminal(s) must be updated to firmware version 14.0.5 or 14.0.6 and must be configured for use with NCR Secure Pay to support EMV card transactions.
Once the V8.5.2 Service Pack is installed and the configuration steps have been completed, you will be able to use your Ingenico iSC250 payment terminal(s) to process EMV card transactions. You will also be able to enter an EMV card number and expiration date manually when a card is unreadable or unavailable, as well as to add a card on file to a customer record.
Please read below to learn more.
