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ADVAM Parking Australia EMV update september 2014
ADVAM's EMV rollout is 70% completed for EMV CAT upgrades and 54% completed for contactless CAT upgrades. The document discusses the benefits of EMV including increased security and reduced fraud. It also notes challenges such as costs and complexity. Myths about EMV requirements are addressed, including the facts that contactless is required and there are deadlines for EMV compliance. Next steps include engaging with acquirers to budget, plan and schedule costs.
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ADVAM Parking Australia EMV update september 2014
- 1. ADVAM PACE EMV Update September 2014 PaulSidwell Channel Partner Director ADVAM
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- 4. ADVAM’s EMV Rollout 70%Completed 11% In Discussion 54% Completed 18% In Discussion EMV CAT Upgrades Contactless CAT Upgrades
- 5. Benefits of EMV SecurityReduced Fraud Tap & Go Consumer Confidence
- 6. Challenges of EMVImplementation Cost Shifting Mandates Complexity Misinformation
- 7. Myths of EMV Myth:Contactless is not required Fact: MasterCard mandate contactless at all payment locations Myth: EMV has no benefit to my business Fact: EMV provides increased security, reduces fraud, increases consumer confidence and has been shown to increase card usage by 10-15% Myth: There is no deadline for EMV compliance Fact: Scheme deadlines for EMV compliance are Visa Jan 2014 and MasterCard Oct 2014
- 8. Where to fromHere Engage with Acquirer Budget Costs Plan and Schedule
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- 11. Global Coverage Headquarters Australia, Adelaide Asia HongKong UK & Europe London, England
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