Ready for Chip & Pin? Maestro PMS Certified for Chip & PIN Credit Card Processing in North America
October 29, 2014 5:38am
Did You Know That Fraudulent Credit Card Transaction Liability Shifts in October 2015? Here's What Hoteliers Need to Know to Protect Themselves
Markham, ON - October 29, 2014 - Maestro PMS announced the Maestro Property Management System Suite (PMS) is certified for Chip & PIN processing for North American hotel operators. Maestro will provide support for multiple payment card processing providers that accept Chip & PIN payments. Maestro PMS is the leading provider of solutions that increase revenue and create efficient, profitable operations for independents. For a demo of the Maestro Property Management Suite please contact Maestro PMS at 1.888.667.8488 or email email@example.com.
Maestro PMS wins early certification so hoteliers have a jump start on fraud protection
"EMVCo has set an important October 2015 deadline that affects hotels," explained Maestro PMS President Warren Dehan. [EMVCo is the organization that facilitates worldwide interoperability and acceptance of secure payment transactions.] "On that date, credit card liability in the U.S. will shift from card issuers to acquirers for counterfeit fraud card-present POS transactions if the merchant does not have an EMV-enabled (Chip & PIN) POS device."
Dehan said, "Chip & PIN processing has greatly reduced credit card fraud in Europe, and we expect the same benefits in North America. That is why Maestro PMS acted early for certification for EMV-approved processing support to help operators avoid liability for fraudulent transactions."
Maestro supports global security for chip-based payment cards
EMVCo was formed in 1995 and stands for Europay/MasterCard/Visa. EMVCo is owned by American Express, JCB, MasterCard, and Visa. It manages, maintains, and enhances the EMV Integrated Circuit Card Specifications to ensure global interoperability of chip-based payment cards with acceptance devices, including POS terminals and ATMs.
"Chip & PIN processing protects the hotel operator if a charge is disputed and the cardholder used their pin on a chip card that the hotel honored," said Dehan. "However, the liability for fraud shifts from the credit card company to the merchant hotel operator if the operator could not process the Chip & PIN transaction." Dehan noted that newly issued credit cards will have an integrated chip embedded to create a more secure card. The chip coincides with a cardholder's required code, or PIN, to authenticate the transaction. Card readers operate like magstripe authorization, but a cardholder's PIN is required for payment. Payments are processed the same as with a magnetic credit card.
Exchange ideas and connect with NORTHWIND on:
Tags: northwind maestro pms,
property management system,
Contact: Macarena Lorenzini
905-940-1923 Toll Free: 1-888-667-8488
Contact: for media: Julie Keyser-Squires, APR, Softscribe Inc.
Urgo Hotels & Resorts Selects Aptech's Enterprise Financial Systems for 42 Properties
Training Your Hotel Staff on a New PMS Should Take Minutes, Not Days
Agilysys CEO Ramesh Srinivasan to Participate on Gaming Industry Panel at ICE Totally Gaming 2018 in London
Agilysys' Lodging Management System® Adds Mobile Housekeeping to Help Customers Increase Productivity and Maximize Revenue
Groundbreaking rGuest Stay PMS Solution Adds Facial Recognition for More Efficient Guest Service
Agilysys Donates Property Management Software to University of Nevada, Las Vegas to Assist Hospitality Students in Practical Learning
OfferCraft and Agilysys Announce Strategic Partnership Helping Customers Use Artificial Intelligence to Optimize Marketing Offers and Revenue
Hospitality Industry Veteran Don DeMarinis to Join Agilysys as Senior Vice President of Sales, Americas
VAT in the Hospitality Sector in UAE
StayNTouch Partners With First Hotels to Roll Out Its PMS Platform to 32 Hotels
Guest Experience: How is it Changing the Future of the Hotel Business?
Aptech's PVNG Web-Based Enterprise Accounting Goes Live at 2 Hotel Companies
EMV Smart Card Payment Security is Available for Independent Hotels
StayNTouch Rover™ PMS Integrates With Merchant Link's EMV Product, TransactionLink™, to Help Hoteliers Combat Card Present Fraud
Direct Booking Woes? Let Guests Buy Room Attributes!
Aptech's Execuvue® Delivers Next-Day Portfolio Analysis for Multiproperty Operators
Mobile Check-In & Check-Out: There’s So Much More on the Way
BridgeStreet Global Hospitality and SiteMinder Connect in Pivotal Strategic Relationship for Business Travel
Agilysys Executives to Participate on Gaming Industry Panels at G2E 2017
Agilysys Provides Property Management Software to Hospitality School to Promote Practical Learning
Please login or register to post a comment.