Financial institutions need to know about recent and upcoming industry changes to security and software standards. Three major fleet-wide ATM upgrade initiatives are in the pipeline, including EMV, PCI and Windows 7. There are several times and deadlines to keep track of. In April 2014, Microsoft will end support for Windows XP; ATM software should be migrated to Windows 7 and Agilis 3. ATMs purchased and installed or moved after this date will require the EPP7 to remain PCI compliant. In April 2015, all ATM acquirer processors must support EMV transactions, according to VISA.
EMV is a payment system standard named after Europay, Mastercard and Visa that ensures the security and global interoperability of chip-based payment cards. There was a 63 percent reduction in domestic issuer ATM losses in Europe following implementation of EMV. Windows 7 offers numerous benefits, including heightened performance, better reliability, improved systems compatibility, excellent connectivity, diverse systems support and lowered cost of ownership. For PCI compliance, some machines will require upgraded PIN pads while others won’t—at least not immediately.
To get the full 411 on ATM upgrades, check out the infographic below presented by ATM Marketplace and Diebold.