Source: US Payments Forum
With more than 85 percent of U.S. ATMs now accepting EMV contact chip cards, many ATM owners are looking to make transactions easier and faster by adding contactless EMV chip capabilities.
The U.S. Payments Forum today released a new white paper for ATM owners and operators that provides guidance on accepting contactless chip transactions at the ATM.
“Guidelines for Contactless ATM Transactions - A Guide for ATM Owners and Operators,” developed by the ATM Working Committee, can be downloaded at http://www.uspaymentsforum.org/guidelines-for-contactless-atm-transactions-a-guide-for-atm-owners-and-operators/.
“Consumers are getting used to making fast contactless payments at merchant locations across the U.S.; the ATM is the next logical segment to go contactless. It’s important that ATM providers, acquirers, processors, and vendors understand the requirements and full process when it comes to implementation,” said Randy Vanderhoof, executive director of the U.S. Payments Forum. “This white paper explains the differences between contact and contactless chip transactions and provides guidelines on the hardware, software and network requirements to accept contactless payments at the ATM.”
The contactless ATM guide focuses on contactless transactions completed with Near-Field Communication (NFC)-enabled mobile wallets and contactless-enabled chip cards and is meant to serve as a starting point for contactless implementation. The guide includes:
The basics of contactless concepts
ATM contactless requirements - both software and hardware
Certification, testing and approvals requirements to support contactless transactions
The contactless ATM transaction process
ATM owners and operators that have questions about contactless implementation or otherwise want to have a voice in the migration to new payment technologies in the U.S. should consider becoming a member of the U.S. Payments Forum, joining the ATM Working Committee and attending the next meeting.