Three major fleet-wide ATM upgrade initiatives are currently in the works, including EMV, PCI and Windows 7. There are multiple timelines and deadlines financial institutions must be aware of. To add to the complexity, there are varying requisites of the programs and deadlines. For PCI compliance, some machines will require upgraded PIN pads while others won’t—at least not initially. For EMV, some machines may require software updates that others in the fleet already have in place. For Windows 7, some older machines might require hardware upgrades, which probably warrants a cost-benefit analysis for replacement.
Speaking of Windows 7—there are numerous reasons to migrate to the platform. It boasts heightened performance, better reliability, improved systems compatibility, excellent connectivity, diverse systems support and lowered cost of ownership. Many financial institutions will begin or complete the upgrade to Windows 7 in 2014. EMV is a payment systems standard named after Europay, Mastercard and Visa that ensures the security and global interoperability of chip-based payment cards. Europe experienced a significant reduction in domestic issuer ATM losses following implementation of EMV.
There’s a lot involved when it comes to ATM upgrades. Instead of having to stress about it, just print out this highly useful summary infographic presented by ATM Marketplace! You’ll reduce the need for post-its.
