Card Brand Mandates

Key EMV dates from Card Brands

© 2012 VeriFone Systems, Inc.

2012: TECH Innovation Program (TIP) - PCI validation relief for Level 1 and Level 2 merchants that adopt dual-interfaced solutions in any year that at least 75% of the merchant transactions originate from a chip enabled terminal

• Note: must be capable of actually processing EMV cards and NFC contactless payments; merchants cannot just install “EMV ready” equipment. . . .so, not really happening!

2013: Acquirer Chip Processing Mandate - Acquirers and processors must demonstrate the ability to process EMV transactions and NFC contactless payments

2015: Liability Shift from Issuer to Merchant - Merchants of any size, will be liable for domestic and cross-border counterfeit fraud committed at the point of sale if they are not using a compliant EMV & NFC POS solution (Automated Fuel merchant liability shift in 2017)

“Liability Shift” Defined

A non-compliant merchant is liable for fraud that occurs on any chip card used on a magnetic swipe terminal, with the liability for the chargeback belonging to the merchant.

A non-compliant issuer is liable for fraud that occurs on any magnetic stripe card used on a chip card-enabled terminal, with the liability for the chargeback belonging to the issuer.

3

Points to Remember EMV is essentially a standard that dictates the interaction

between a smart (chip) “card” and a POS payment technology EMV chips can be either contact or contactless and are read &

write capable There are currently no merchant EMV mandates… only

financial incentives in the form of the chargeback liability shift

© 2012 VeriFone Systems, Inc.

VeriFone VX520 & Ingenico Telium 2

EMV Terminals: VeriFone VX Evolution VX520

• Countertop • Dual Comm• Internal PIN pad• MSR• EMV• NFC

VX820• Customer Facing

PIN pad• Vx520• MSR• EMV• NFC

NOTE: VeriFone wireless to be available once 3G solution on the market

EMV NFCHand-Over Design

EMV Terminals: Ingenico Telium2 iCT250

• Countertop• Dual Comm• Internal PIN pad• MSR• EMV• NFC

iWL250G• Portable - GPRS• Internal PIN pad• MSR• EMV• NFC• 3G Technology

iPP320• Customer Facing

PIN pad• iCT220 or iCT250• MSR• EMV• NFC

iCT220 – Class A Support• Countertop• Dual Comm• Internal PIN pad• MSR• EMV

ContactlessEMV Magstripe

Backlit 19 key 18+ LPS printer

Dual IP & Dial Sharp Color Display

Dual Processor Cable Management

NFC

Small Footprint Privacy Shield

iCT250

iPP320 Countertop PIN Pad

Connects to Telium Countertop LineEmbedded Contactless

EMV

iWL250

Contactless

Small FootprintLightweight

30 LPS ThermalPrinter25mm & 40mmPaper Roll Option

3G Wireless GPRS Dynamic SIM 30 LPSPrinter Contactless Smart Card Li-Ion Battery Lightweight

Charging & Comms Base