News

'Don't wait until it's too late,' EMV-unready ATM owners advised

August 16, 2016

With an EMV compliance deadline for MasterCard arriving on Oct. 1, ATM deployers need to know how EMV technology might affect their network, Cummins Allison stressed today in a press release.

The provider of coin, currency and check processing and ATM technologies recommended that ATM deployers take four steps to ensure their readiness for the pending EMV liability shift.

1. Evaluate your fleet's hardware, software and network capabilities and determine whether your ATMs have EMV card readers. If they do not, contact your sales representative or ATM manufacturer to understand what is needed for the upgrade;
2. Calculate your required investments and balance them against your capital budget. Multiple levels of hardware and software could require an upgrade. For instance, an ATM might be so old that it cannot support the software required to run EMV. Or the hardware might support EMV but the software lacks the capacity. Or the ATM might support EMV, but the card reader is out of date, most likely requiring both hardware and software upgrades.
3. Develop and prioritize an implementation plan. Don't wait until the last minute. It's critical to map out and complete all implementation activities, including discussions with technical staff, document updates and collaboration with vendors on appropriate configurations.
4. Submit an EMV project to your ATM host processor as soon as possible. It could take up to 60 days for the processor to complete your request.