Monday, February 27, 2012

Important !! A must read!!!!

Please read this article:

From Ken Kilgore:

Mastercard, Visa, and the US Government instituted the PCI Compliant Standard a few years ago which I am sure you are all aware of. It mandated Triple DES encryption for all processing equipment inside used to process credit and debit transactions. On August 1, 2012, fuel dispensers outside involved with pay at the pump transactions will be required to become PCI Compliant (TDES) if the site intends to process PIN Debit cards at the pump. If the site decides to discontinue accepting PIN Debit, then nothing has to be changed. The equipment being used currently will continue to process credit cards, credit cards acting as debit, and gift cards, as long as the equipment is DUKPT encryption. Only PIN Debit will be affected.
 
The cost to upgrade CRINDs if you are operating Gilbarco dispensers and CATs if you are running Wayne dispensers is about the same. The replacement EPP units are about $3,200 per dispenser + labor from most distributors. I could probably save you 15-20% off of that if you wanted to purchase the equipment from me and have your local service provider install it. That said, most retailers are electing to wait as true PIN Debit transactions are not a large part of the business and it is generally perceived that the PIN Debit customer will readily just choose to use a credit card if PIN Debit is no longer accepted. I do expect the EPP replacement units to go down in cost after the August 1st date as well which may provide a less expensive alternative if you wanted to make the change then.
 
I would urge you to consider this information and decide on a direction moving forward. If you want to continue taking PIN debit after August 1st please talk to your service provider and order equipment as soon as possible. If PIN Debit is not a huge issue at your site with pay at the pump customers, then I would wait and do it when it is most convenient and lower priced.
 
Please do not hesitate to contact me if you have any questions or concerns. I am happy to help if I can.
 
Note: Sites that Duncan has built since January 2011 using new dispensers are already PCI Compliant at the pump. We began as soon as the equipment became available.

I posted Ken contact info if you have further questions.

RRMcD

 
Ken Kilgore
Duncan Oil Company
Director of HVR Fuel Sales and Construction
Cell (937) 305-7001
718 S. Detroit St.
LaGrange IN 46761
kkilgore@duncan-oil.com
@ken_kilgore1
http://duncanoil.blogspot.com/

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