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EMV and P2PE: What Does it Mean to Me? (Presenter: Matt Murdough from Element PS)

Protecting your business transactions from fraud is of paramount importance to your company’s financial success. EMV with Point-to-Point Encryption (P2PE) are the keys to combatting fraud with card-present/face-to-face transactions. Element’s session provides a comprehensive overview of EMV chip technology, why you need both EMV and P2PE and how Element’s innovative triPOS technology delivers an all-in-one solution to help you face the retailer liability shift.

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EMV and P2PE: What Does it Mean to Me? (Presenter: Matt Murdough from Element PS)

  1. 1. EMV AND P2PE – WHAT DOES IT MEAN TO ME? • Educators • GoToWebinar Overview • Webinar Presentation • Additional Resources 2 MILLENNIUM FEATURED WEBINAR
  2. 2. YOUR EDUCATORS J U L Y 2 0 , 2 0 1 5 3 BRITTANY MACHI P R E S E N T E R H O S T Brittany Machi has a background in Elementary Education, as well as English. As a member of the Education team, she focuses her time on educating businesses, as well as furthering the education of the internal employees. She is actively involved in creating curriculum, administering exams, and communicating with businesses to determine their educational needs. MATT MURDOUGH Matt Murdough has a background in payments that has stretched over 10 years which includes over 5 with Element Payment Services. As a Channel Development Manager, he focuses his time on providing strategic support to Element partners, including Millennium, to help define go-to-market strategies and Element integration support.
  3. 3. GOTOWEBINAR OVERVIEW o All attendees are muted upon entry to the webinar. o The webinar is in “listen only” mode for attendees. o If you have questions for the presenter(s) or host, please enter them into the “Questions” box in the panel on the right hand side of your screen. o At the end of this webinar, please take some time to fill out the brief survey that will be sent to you via e-mail. J U L Y 2 0 , 2 0 1 5 4
  4. 4. J U L Y 2 0 , 2 0 1 5 5 WEBINAR PRESENTATION • How to Protect Your Business from Fraud using EMV and P2PE • Knowledge of EMV Chip Technology • How Element Can Protect you from Fraud EMV and P2PE – What Does it Mean to Me? Protecting your business transactions from fraud is of paramount importance to your company’s financial success. EMV with Point-to-Point Encryption (P2PE) are the keys to combatting fraud with card-present/face-to-face transactions. Element’s session provides a comprehensive overview of EMV chip technology, why you need both EMV and P2PE and how Element’s innovative triPOS technology delivers an all-in- one solution to help you face the retailer liability shift.
  5. 5. © 2015 Vantiv, LLC. All rights reserved. A Vantiv Company © 2015 Vantiv, LLC. All rights reserved. Agenda PCI Compliance  Am I really that vulnerable to a breach? Fully Integrated with Millennium & Meevo  Compare the benefits  Tokenization  Account Updater  Point-to-Point Encryption  EMV  Mobile Payments with Payments2Go Price and Flexibility with Element  Choice of Processor – Acquired vs. Gateway 6
  6. 6. © 2015 Vantiv, LLC. All rights reserved. A Vantiv Company © 2015 Vantiv, LLC. All rights reserved. PCI Compliance – “I know what it is, but I’m too small for a thief to bother” “I turned on PCI Compliance in my software so I’m compliant” 7
  7. 7. © 2015 Vantiv, LLC. All rights reserved. A Vantiv Company © 2015 Vantiv, LLC. All rights reserved. Payment Card Industry – State of Awareness • 71% of merchants store unencrypted data on their network • 62% of merchants in the U.S were subject to payments fraud in 2014. • 81% of organizations suffering a breach had not been validated as PCI Compliant at the time of breach • 50% of breaches have come from viruses, malware, worms or trojans 8
  8. 8. © 2015 Vantiv, LLC. All rights reserved. A Vantiv Company © 2015 Vantiv, LLC. All rights reserved.9 33% of Breaches Level 4 Merchants Compromised in 20 months Average Breach Cost $194+/ Record 87% of breaches are avoidable using compliant solutions 81% Not PCI compliant 45% Companies Breached Filed Bankruptcy PCI Compliance – The Cost of a Breach – The Shocking Truth
  9. 9. © 2015 Vantiv, LLC. All rights reserved. A Vantiv Company © 2015 Vantiv, LLC. All rights reserved. PCI Overview – “Digital Dozen” 10
  10. 10. © 2015 Vantiv, LLC. All rights reserved. A Vantiv Company © 2015 Vantiv, LLC. All rights reserved. Introducing Millennium’s Integrated Processing Partner Element Payment Services 11
  11. 11. © 2015 Vantiv, LLC. All rights reserved. A Vantiv Company © 2015 Vantiv, LLC. All rights reserved. Element Payment Services 12 • Established in 2003 and Acquired by Vantiv in 2013 • Level 1 PCI-DSS Compliant Service Provider • Inc. Magazine Top 500/5000 Fastest Growing US Company 2011, 2012 & 2013 • Business Solutions Magazine Award Winning Company • Top 2 US Processor
  12. 12. © 2015 Vantiv, LLC. All rights reserved.© 2015 Vantiv, LLC. All rights reserved. Vantiv Companies What Does “Fully Integrated” Mean?  Manage your entire business, including payment processing from a single integration through Millennium and Meevo Key Benefits  Removes middlemen who add fees.  Reduces risk & liability  Higher quality processing services and better support 1313 7/20/201513 A Vantiv Company © 2015 Vantiv, LLC. All rights reserved.
  13. 13. © 2015 Vantiv, LLC. All rights reserved.© 2015 Vantiv, LLC. All rights reserved. Vantiv Companies Element’s Tokenization What is Tokenization?  Allows Millennium customers to bill fees using card-on-file, without passing actual credit card data between Element and Millennium Key Benefits  Increases operational efficiencies for customers by facilitating secure card-on- file billing  Reduce the liability associated with storing cardholder data 14 A Vantiv Company © 2015 Vantiv, LLC. All rights reserved.
  14. 14. © 2015 Vantiv, LLC. All rights reserved.© 2015 Vantiv, LLC. All rights reserved. Vantiv Companies Element’s Account Updater 15 A Vantiv Company © 2015 Vantiv, LLC. All rights reserved. What is Account Updater?  Combined with Element’s Tokenization, Element’s Account Updater receives automated updates on card-on-file information within Millennium Key Benefits  Increase sales and customer retention by providing uninterrupted service to customers  Reduce costs and hassle associated with contacting customers to obtain updated info  Improve customer satisfaction by reducing negative experiences caused by declined transactions
  15. 15. © 2015 Vantiv, LLC. All rights reserved. A Vantiv Company © 2015 Vantiv, LLC. All rights reserved.16 Element’s Account Updater Pricing & TME Promo Account Updater Pricing* Standard Pricing Millennium Pricing One Time Set-Up Fee $20.00 $ 10.00 Monthly Fee $10.00 $ 5.00 Service Fee* *Per Valid Update $0.99 $0.50 • Try Element’s Account Updater for Free for 90 Days • Cancel at any time during 90- day trial at no-charge • To enroll, contact your Element Account Manager at 866-435-3636 x1721
  16. 16. © 2015 Vantiv, LLC. All rights reserved.© 2015 Vantiv, LLC. All rights reserved. Vantiv Companies Point-to-Point Encryption (P2PE) 17 A Vantiv Company © 2015 Vantiv, LLC. All rights reserved. What is P2PE?  Sensitive cardholder data is protected from the initial swipe (or key-entry) all the way to the processor Scope Reducing Technology  In production for 6+ years  Sensitive card data never enters Millennium or Meevo  Element’s PCI Level 1 facilities handle all sensitive data  Element has achieved P2PE-Validated status
  17. 17. © 2015 Vantiv, LLC. All rights reserved. A Vantiv Company © 2015 Vantiv, LLC. All rights reserved. P2PE featuring… 18 SecureKey MSR • Point-to-Point Encryption • Credit (Swipe-CP) • Credit (Manual-CP/CNP) • Uni-directional • Keyboard Compatible • Fraud Features Driverless PIN Pad •Point-to-Point Encryption • Credit (Swipe-CP)) • Credit (Manual-CP) • Debit (PIN-CP) • Uni-directional • Keyboard Compatible • Fraud Features
  18. 18. © 2015 Vantiv, LLC. All rights reserved. A Vantiv Company © 2015 Vantiv, LLC. All rights reserved. EMV Processing with Element’s triPOS 19
  19. 19. © 2015 Vantiv, LLC. All rights reserved. A Vantiv Company © 2015 Vantiv, LLC. All rights reserved. What is EMV? 20 • EMV is a payment method that combines a plastic card with an integrated microprocessor chip. • The name “EMV” stands for EuroPay® MasterCard® Visa® • An EMV card uses a small embedded chip to hold the account number and other sensitive data historically held on the magnetic stripe itself. • 70% of cards expected to have chip by end of 2015
  20. 20. © 2015 Vantiv, LLC. All rights reserved. A Vantiv Company © 2015 Vantiv, LLC. All rights reserved. EMV Liability Shift – October 2015 What does “liability shift” mean? • Contrary to popular belief, a merchant does NOT need to shift by October 1st, 2015. • The liability shift moves the responsibility of fraudulent transactions from the merchant to the card issuers when accepting chip cards on a chip-enabled device. • To qualify for the liability shift, a merchant must process 95% of its total card-present transactions through a certified EMV device. 21
  21. 21. © 2015 Vantiv, LLC. All rights reserved. A Vantiv Company © 2015 Vantiv, LLC. All rights reserved.22 EMV Liability Scenarios for Visa and MC
  22. 22. © 2015 Vantiv, LLC. All rights reserved. A Vantiv Company © 2015 Vantiv, LLC. All rights reserved. EMV Devices Supported with triPOS* 23 *triPOS integrated into Millennium and Meevo expected in August 2015
  23. 23. © 2015 Vantiv, LLC. All rights reserved.© 2015 Vantiv, LLC. All rights reserved. Vantiv Companies Mobile Payments with Element’s Payments2Go • Mobile Payments (Non-Integrated)  Securely process swiped transactions from any iOS enabled device  Simply download Element’s FREE app from iTunes  Take payments anywhere  Same rates as your standard account with no additional monthly fees 24 A Vantiv Company © 2015 Vantiv, LLC. All rights reserved.
  24. 24. © 2015 Vantiv, LLC. All rights reserved. A Vantiv Company © 2015 Vantiv, LLC. All rights reserved. Payment Card Industry – State of Awareness 25 Tier Transactions per Year Target Group 1 More than 6 million Anyone with breach Merchants, Merchant Agents, Processors, Direct Connects 2 1 – 6 million Merchants, Merchant Agents, Processors 3 20K – 1million ecommerce Merchants only 4 Less than 1 million Merchants • Level 1 – Annual onsite by Qualified Security Assessor (QSA) or internal audit if signed by Officer of the company, quarterly network scan • Level 2 – SAQ Annually, Quarterly Network Scan • Level 3 – SAQ Annually, Quarterly Network Scan • Level 4 – SAQ Annually, Quarterly Network Scan
  25. 25. © 2015 Vantiv, LLC. All rights reserved.© 2015 Vantiv, LLC. All rights reserved. Vantiv Companies Element’s PCI DSS Merchant Compliance Program 26 A Vantiv Company © 2015 Vantiv, LLC. All rights reserved.  Element has Partnered with Trustwave, a Leading PCI Qualified Security Assessor (QSA) Key Benefits  Online Portal to Complete Annual SAQ  Customer Support to Assist Completion of SAQ  Quarterly Network Scans against three (3) different IP Addresses for Vulnerabilities  $100,000 Breach Insurance
  26. 26. © 2015 Vantiv, LLC. All rights reserved. A Vantiv Company © 2015 Vantiv, LLC. All rights reserved.27 Two Processing Options with Element – Acquired or Gateway The Choice is Yours!
  27. 27. © 2015 Vantiv, LLC. All rights reserved. A Vantiv Company © 2015 Vantiv, LLC. All rights reserved. Gateway Merchant – Keep Your Current Processor 28 Gateway – A merchant who is using Element only for the integrated features between Millennium/Meevo and the merchants processor. AKA: Element is the gateway/bridge Gateway ONLY Visa, MasterCard, Discover Processing Rates Goes Unchanged (Continue paying charges from current processor) Element Gateway Fee Monthly Fee – varies depending on number of accounts and how many transactions are ran Core Reporting (Online Reporting) Not Available (Authorization reporting only, Settlement Reports continue to come from current processor)
  28. 28. © 2015 Vantiv, LLC. All rights reserved. A Vantiv Company © 2015 Vantiv, LLC. All rights reserved. Acquired Merchant – Use Element as your Processor 29 Acquired – A merchant who is using Element as their sole integrated payments processor Acquired Processing Rate for Visa, MasterCard, Discover Interchange Pass-through + Element’s Rate Element Gateway Fee WAIVED!! ($0.00) Core Reporting (Online Reporting) $5.00/month
  29. 29. © 2015 Vantiv, LLC. All rights reserved. A Vantiv Company © 2015 Vantiv, LLC. All rights reserved. Benefits Overview • PCI Compliant Payment Processing • Hosted Reporting + Free Virtual Terminal and Mobile • P2PE for Swiped & Keyed Transactions • EMV Processing with triPOS • Eliminate Errors & Duplicates Entries at the Point-of-Sale • Competitive Rate Analysis OR Element can work with ANY processor as a gateway 30
  30. 30. © 2015 Vantiv, LLC. All rights reserved. A Vantiv Company © 2015 Vantiv, LLC. All rights reserved. Next Steps Referral Form: www.elementps.com/Millennium-Merchant Or Call us at 866-435-3636 x1721 31

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