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> said it cost the average convenience store $26,000 to upgrade its gas pumps and point-of-sale terminals. This seems backwards. Here in Australia we just pay
by khromium 11y ago
> said it cost the average convenience store $26,000 to upgrade its gas pumps and point-of-sale terminals.
This seems backwards. Here in Australia we just pay a rental fee to the bank, for the pin pad human interface device. Everything else is business specific and shouldnt need upgrading...
- tyoma 11y agoIn the US the merchant owns and is responsible for the POS equipment. The banks had to strong-arm merchants into upgrading via liability changes for non-compliant merhants.
- Khaine 11y agoDo the merchants need to validate there devices are maintained and operated in accordance with VISA requirements? Banks (including PEDS used by the bank) are audited by VISA to make sure they follow required stanadrds/processes (i.e. see https://www.visa-asia.com/ap/center/merchants/riskmgmt/includes/uploads/Visa_PIN_Security_Program_Auditors_Guide_aug_06.pdf https://www.visa-asia.com/ap/center/merchants/riskmgmt/inclu... although this looks out of date)