As the U.S. moves to EMV chip cards for payments, parking industry stakeholders need to review their current payments infrastructure and develop their strategy and plan for EMV migration to prepare for the upcoming October 2015 EMV fraud liability shifts. The Smart Card Alliance and the International Parking Institute (IPI) released a new white paper, EMV and Parking, to provide guidance and education surrounding the transition to chip technology and the fraud liability shift in the parking industry. The white paper, "EMV and Parking," was created by the Smart Card Alliance and IPI for parking merchants, suppliers and integrators of parking equipment, software and support services, and can be downloaded for free at http://www.emv-connection.com/emv-and-parking/. "The transition to chip technology requires infrastructure changes, and that takes time.
Parking industry stakeholders should begin planning and preparation now to avoid complications and elevated fraud costs down the road," said Randy Vanderhoof, executive director of the Smart Card Alliance. "This white paper has the unique perspective of both the Smart Card Alliance members, many of whom are experts in payments, and also IPI members who specialize in parking. This allows us to provide the education and guidance parking stakeholders need to move forward with their chip technology implementations."
No comments: