08 Jan Another Way to Achieve EMV Compliance
By Ray Prothero, VP Products & Programs, Petro – The convenience-store industry is less than 10 months away from having to comply with the latest credit-card security standards at fuel pumps. By Oct. 1, 2020, gasoline retailers must integrate chip-enabled credit- and debit-card hardware and software in their fuel pumps (often called EMV compliance, referring to Europay, Mastercard and Visa payment cards) or risk paying the cost of future data breaches caused by skimmers at the pump.
While some retailers have enacted the new security measures at the pump, many others are delaying the move or ignoring it all together as they weigh the cost of compliance updates with the risk of a data breach.
Here’s one middle ground that retailers may want to consider.