EMV Requirements

As of October 2015 any merchant not using an EMV approved device will accept full financial responsibility for any fraud occurring during a transaction going through there merchant account. There is no unlimited financial liability for merchants not using approved devices. All merchants  taking  credit and debit payments are advised to get the proper equipment to avoid this risk!

. Q: Will the implementation of EMV shift fraud to card-not-present (MOTO, phone and online) environments?

A: Yes, other countries have shown that fraud has moved to CNP merchants after the implementation of EMV.

Q: If a merchant does not want to do PIN debit, can a POS device be deployed without encrypting the PIN pad?

A: Yes, debit PIN encryption is a separate function than EMV.

Q: If the merchant has an EMV capable terminal but the chip is unable to be read (ex. damaged) and has to be swiped, where will the liability shift lie?

A: If the merchant opts to accept the card swiped with the magnetic stripe reader or manual entry, the liability would be with the merchant.

Q: If I have a MX contactless, smart card enabled device, is there a minimum OS level required to add EMV?

A: It’s recommended to upgrade to the latest OS prior to implementing new capabilities; however for MX 8xx Series, the minimum OS level is RFS-18 and 0626-SC2 for MX 900 Series, 0626-SC2.

Q: If a merchant is using a secure audio reader such for there mobile device, how does EMV affect them?

A: After the liability shift in October 2015, merchants who are not using an EMV-capable device will be liable for any duplicate card fraud.