The US EMV liability shift has arrived. From 1st October 2015, if you’re a US retailer taking card present payments but haven’t upgraded your POS to EMV, you now face taking the hit from chargebacks resulting from counterfeit transactions involving a chip or smart card.
Card issuers are ahead of the curve – by the end of 2015, 50% of cards will bear the chip that puts the fraudsters on the back foot. Processors have upgraded their tech to make sure their systems can handle the additional data transfer. And many of the big retailers have already rolled out their EMV POS systems, giving fraudsters cause to look elsewhere…
Welcome to the Age of Affordable EPOS
Today, you can set up an electronic point of sale (EPOS) system that will wow your customers and slash your admin, for as little as $2,000. Add the monthly costs of processing electronic payments, and a software subscription and you’re good to go.
Fast moving checkout queues, great customer service and incentive schemes, slick management tools, automated and integrated business processes are all within the grasp of any small to medium business taking payments at point of sale.
Tailwind are pleased to announce that we now support the Spectra T1000 payment terminal with a bespoke PEDPack to ensure seamless and invisible mounting at the Point of Interaction.
Spectra’s new generation T1000 payment terminal has a powerful 32-bit ARM9 CPU to ensure fast and reliable payment from credit and PIN-based debit to EMV smart cards transactions. With a PCI PTS V3.X certification and international certifications including FCC/CE/CCC, PBOC & EMV Level 1 & 2, MasterCard PayPass, Visa PayWave, TQM, the terminal more than meets industry standards.
MasterCard have made explicit their recommendations for contactless payment terminals in their PDF ‘MasterCard PayPass best practices for merchants’. There is a clear emphasis on physically securing the terminal at Point of Sale:
“The reader should be installed in a permanent, stable fashion to prevent it from being knocked around and damaged.”
And it’s not just the security of the Point of Sale which is affected. They also recommend plastic stands over metal stands.