The EMV standard serves as the backbone for future payment technologies by enabling safer, smarter and more secure transactions across cards, contactless, mobile and remote payment channels for all retailers.
ABC has developed a series of educational videos (see videos below) to help petroleum retailers better understand the EMV Compliance Protocol. Petroleum retailers must be EMV compliant inside their store by October 1, 2015, and in their forecourt (via their fuel dispensers) by October 1, 2017. Retailers who fail to meet these compliance deadlines will be subject to any payment card fraud presented at their stores. Such fraud related charges are currently being absorbed by your payment card processor or your bank.
The National Association of Convenience Stores reported that in 2014, the retail petroleum industry was exposed to over $250 million of payment card fraud. ABC can help eliminate your exposure to this potentially adverse liability shift, related to future payment card fraud. We can also help you build a future-proof POS system infrastructure that will support emerging payment innovations, enhance your global payment acceptance, reduce your risk of payment card fraud and improve your security.
Let one of our experienced financing specialists help you build the EMV solution that is right for your company.