EMV For Parking – New White Paper From Smart Card Alliance & IPI

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.