White paper provides updates on EMV chip technology, transition, and implementation in parking
PRINCETON JUNCTION, N.J., May 10, 2016 –With the U.S. moving to EMV chip technology for more secure credit and debit card payments, parking industry stakeholders across the payments value chain recognize the need to learn about EMV to plan to migrate their infrastructure effectively. Now that the October 2015 EMV fraud liability shifts are in place, the Smart Card Alliance and the International Parking Institute (IPI) have revised last year’s white paper, “EMV and Parking,” to provide current information on the technology and refreshed scenarios covering the critical aspects of deploying EMV-compliant solutions within the parking infrastructure.
The new edition of the white paper can be downloaded at http://www.smartcardalliance.org/publications-emv-and-parking/.
“Understanding how EMV affects different attended and unattended parking scenarios is critical for parking operators planning upgrades to accept chip transactions,” said Randy Vanderhoof, executive director of the Smart Card Alliance. “By collaborating with IPI and bringing together experts from both industries, we are uniquely positioned to provide the education and implementation guidance necessary to help parking stakeholders move their chip technology implementations forward.”
The white paper includes:
- An overview of relevant EMV chip technology features and key implementation options
- Key considerations for parking industry stakeholders who want to accept and process EMV chip transactions in both attended and unattended environments
- The relationship between EMV, U.S. contactless payment card transactions and NFC-enabled mobile payments
An important takeaway from the white paper is that an EMV solution requires input from all participating stakeholders of the payment ecosystem—parking operators, acquirers, systems integrators, PARCS providers, and parking consultants—to ensure a successful transition.
Smart Card Alliance and IPI members involved in the development of the May 2016 white paper update include: 20/20 Parking Consultants; Aberdeen Management Group; CH2M; CPI Card Group; Cubic Transportation Systems; Dallas Area Rapid Transit (DART); GO Systems & Solutions; Lumin Advisors; MasterCard; Metropolitan Transportation Authority (MTA); Metropolitan Transportation Commission (MTC); Moneris Solutions; Quadagno & Associates; Southeastern Pennsylvania Transportation Authority (SEPTA); Visa Inc.; Walker Parking Consultants.
About the International Parking Institute
The International Parking Institute (IPI) is the world’s largest association of parking professionals and the parking industry. www.parking.org.
About the Smart Card Alliance
The Smart Card Alliance is a not-for-profit, multi-industry association working to stimulate the understanding, adoption, use and widespread application of smart card technology.
Through specific projects such as education programs, market research, advocacy, industry relations and open forums, the Alliance keeps its members connected to industry leaders and innovative thought. The Alliance is the single industry voice for smart cards, leading industry discussion on the impact and value of smart cards in the U.S. and Latin America. For more information please visit http://www.smartcardalliance.org.
Montner Tech PR