Work with Vantiv and Pendum to bring new card security technology to
life
DULUTH, Ga.--(BUSINESS WIRE)--May. 22, 2013--
The first EMV-compliant ATM in the U.S. is live and in use. NCR
Corporation (NYSE: NCR) has begun upgrading ATMs at People’s
United Bank with the new consumer card security technology, in
conjunction with Vantiv
and Pendum,
the nation’s largest independent ATM service provider. The first
upgraded ATMs are the People’s United Bank ATMs located at their 250
Park Avenue, New York, branch.
EMV
is a set of specifications defined by payments companies Europay
International, MasterCard Worldwide and Visa to define interoperability
standards for smart card transactions. The specifications – also known
as “chip and PIN” – has been in place in countries around the world
since 1996 and include a microprocessor chip on cards as an eventual
replacement of the magnetic stripe, which has been used to carry card
data since the 1960s.
The upgrade of U.S. ATMs – including those at People’s United – includes
an upgrade to the card reader hardware inside the machines as well as a
software upgrade. Since 2011, NCR has been shipping all SelfServ™ ATMs
with smart card readers as standard.
“Financial institutions throughout the U.S. are evaluating and making
plans to upgrade their ATM networks in order to stay in compliance with
card issuers’ deadlines,” said Ruth Fornell, vice president of Global
Professional Services, NCR. “As they begin their implementation, it is
important that they turn to a solutions provider with experience. NCR
amassed a wealth of experience in helping financial institutions in
Canada and Mexico and institutions throughout Europe make the
transition.”
Globally, 36 percent of cards and 65 percent of terminals in deployment
run using the EMV standard. France was the first to pilot and implement
EMV, and the country has seen a reduction in fraud by more than 80
percent since the launch of EMV.
In April, Vantiv became the first U.S. acquirer to complete MasterCard's
testing requirements to process EMV transactions for MasterCard, Maestro
and Cirrus brands at both ATM and at the point-of-sale locations. In
addition, MasterCard has certified
Vantiv’s network for EMV on both NCR APTRA
Edge and NCR APTRA
Advance NDC software platforms.
About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in consumer transaction
technologies, turning everyday interactions with businesses into
exceptional experiences. With its software, hardware, and portfolio of
services, NCR enables more than 300 million transactions daily across
the retail, financial, travel, hospitality, telecom and technology
industries. NCR solutions run the everyday transactions that make your
life easier.
NCR is headquartered in Duluth, Georgia with over 26,000 employees and
does business in 180 countries. NCR is a trademark of NCR Corporation in
the United States and other countries.
Web site: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: http://linkd.in/ncrgroup
YouTube: www.youtube.com/user/ncrcorporation
Source: NCR Corporation
NCR Corporation
Jeff Dudash, 919-435-6976
Jeff.dudash@ncr.com