STRATEGIC PARTNERS
November 1, 2013
First Data Corp. has completed MasterCard testing requirements to process Maestro EMV ATM transactions. The company's FI clients will now be better able to protect themselves from liability for potential fraud on non-U.S. issued Maestro cross-border transactions.
Initially, First Data is supporting NCR and Diebold ATMs, with additional hardware manufacturers to follow.
"This certification is the latest addition to our comprehensive, end-to-end EMV support, enabling the standard for our financial institution clients," said Nick Barnes, senior vice president of product development at First Data. "The transition to EMV at the ATM is a crucial step forward for security in the U.S."
In its first scheduled deployment, First Data is partnering with credit union service organization PSCU to process transactions for ORNL Federal Credit Union, based in Oak Ridge, Tenn. The credit union began piloting EMV at its ATMs in September.
Globally, First Data has been an approved EMV transaction processor since 1999.
"First Data has supported EMV processing for more than a decade," said Tom Gandre, chief operating officer for PSCU. "We're confident in First Data's EMV expertise and ability to deliver a successful execution for its ATM clients, and delighted to be among the first in the U.S. payments industry to launch this capability."
Read more about EMV.
