Is Parking Ready for EMV?

[email protected] linkedin.com/in/jgumbley www.creditcall.com/emv-migration

https://www.creditcall.com/?utm_source=smart%20card%20alliance&utm_medium=ppt&utm_campaign=payments%20summit%202015

https://www.creditcall.com/emv-migration/?utm_source=smart%20card%20alliance&utm_medium=ppt&utm_campaign=payments%20summit%202015



EMV is Coming to the U.S.

Long time for EMV to arrive

Contactless is already here

U.S. EMV cards do exist





Chip Cards by Numbers

575 million EMV cards to be issued by the end of 2015

59% of retail locations will be EMV-compliant by the end of 2015

78,800 EMV chip-activated merchant locations

70% of U.S. credit cards will be issued as EMV cards by the end of 2015

86% of financial institutions plan on issuing EMV debit cards BY 2015

$3.50 Average cost for issuing a new EMV card

$500 Average cost of an EMV-compliant POS terminal

Sources: Javelin Research & Strategy, Aite Group, 2014 PULSE Debit Issuer Survey





Liability shift

Why is EMV Required?

Global approach to securityFraud reduction





Liability Shift Definition

“…the party that is the cause of a chip transaction not occurrin(i.e., either the issuer or the merchant’s acquirer processor) will be held financially liable for any resulting card present counterfeit fraud losses. The shift helps to better protect all parties by encouraging chip transactions that use unique, dynamic authentication data.

“…this means that the party, either the issuer or merchant, who does not support EMV, assumes liability for counterfeit card transactions.





Liability Shift Put Simply





Breaches, they keep coming in 2015!

January 2015-April 2015The Italian eatery confirmed a malware attack capturing payment card data.

March 4, 2015The hotel chain suffered a breach of customer card information at hotels in the U.S. and Europe.

March 10, 2015POS vendor NEXTEP systems confirmed a payment data breach after fraudulent credit card charges on cards that had all been used at Zoup restaurants.

May 14, 2015Malware installed on POS systems gained access to customer cardholder data between March 6, 2015 to April 17 2015.

April 8, 2015Customer payment data was compromised at 10 hotels during the period of July 3, 2014 and February 6, 2015.





Weapons Against Card Fraud

EMV

Tokenization





Without P2PE





With P2PE





P2PE can protect against

Loss of cardholder data

Brand & reputation damage

Loss of revenue

Payment brand penalties

PCI fines





Getting a PINpad = Tip of the Iceberg

2 Tokenization

3 Processor Interfaces and EMV Messages

4 Card Brand Certifications

5 Terminal Management Systems


1 P2PE




If you have any questions, please contact:

Jeremy Gumbley

CTO

Creditcall Corp1133 Broadway, Suite 706, New York, 10010

800 868 1832

[email protected]

www.creditcall.com/emv-migration


Is Parking Ready for EMV?

Technology

emv cards

emv debit cards

new emv card

card fraud emv tokenization

payment card data

chip cards

credit cards

customer payment data