7 Steps To EMV Compliance
By The Business Solutions Network
While at the Fall ONE Ingram Micro conference in Las Vegas Jeff Yelton, executive director and GM DC/POS for the distributor, gave a presentation on electronic payments and EMV. I wrote a little about it in last Thursday’s blog. One thing I didn’t detail was Yelton’s seven steps to EMV compliance. Without further ado, here they are, short, concise, and to the point…
- Meet with your customers. “Make them understand that EMV is a business issue that will have a profound effect on their financials as well as operations,” says Yelton. “They need a budget and a technical migration plan. You stand to lose a lot of credibility with your customers if you aren’t talking to them about EMV.”
- Select EMV-compliant hardware (e.g. PIN pad). This shouldn’t be a problem in the U.S., but you do need to decide if you’re going with chip and PIN or chip and signature solutions.
- Choose an EMV-compliant processor (shouldn’t be a big issue in the U.S.) and ensure your ISV partners have updated/certified transaction brokers (the code that connects all the payments stuff together in a POS solution)
- Complete certifications such as M-TIP, ADVT, AEIPS, DPAS
- Develop a system for recertification in 3 years. Security is ongoing so make sure you and your partners have a plan to stay certified
- Develop training for your team and customers. EMV isn’t just technology, there is some business process as well.
- Certify for PCI P2PE (point to point encryption)
If you’re looking for more info on EMV, here are some additional resources:
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