If you own a gas station you have been thinking a lot lately about how you are going to convert your fuel dispensers to EMV by the rapidly approaching 2020 deadline.
Today, it is extremely important that financial transactions and personal information needs to be securely protected. The retail industry has been going through a transition to better secure not only financial transactions but also protecting customers from identity theft. There are over 70 Billion card transaction per year in the USA. Making these transactions secure and reliable is critical to the general health of the economy. EMV, which stands for Europay, MasterCard and Visa, is a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions.
Many fuel center professionals are evaluating options for how to best comply with the October 2017 deadline of upgrading their fuel pump payment systems to EMV.