the device you mention is a stand alone device. When you return from training let us all know how it intragrates with older versions of Aloha and not that old of equipment like the new P1515's I have a client who opened less than 10 months ago and was sold P1515. By your comment they now would need to replace them with P1530s to beable to use the new hardware. Juan is correct, it has been a horrible transition. Sad part, EMV has been around for a long time, only the USA is just getting around to it. Perhaps its the cost to make the cards or the amount of fraud v/s replacing every card with a new emv card. Now that the liability has shifted to the business, there is even less of an incentive to get cards with chips to users. the big 6 will just wait unitl your card expires before replacing. I had to call each of my banks and request new cards. Some like first national bank were not even ready 6 months ago. As of Jan, I still have not received a card with a chip from them. Been asking since August 2015.
From Creditcards.com
6. So since Oct. 1, 2015 has passed, the transition to EMV technology is complete?
Not exactly.
Although the deadline was strong encouragement for all payment processing parties to become EMV-compliant as soon as possible, not everyone has made the transition yet.
"It's going to take a little time to adapt," says Doug Johnson, vice president of risk management policy for the American Bankers Association.
EMV debit cards in particular are rolling out at a slower pace. The PULSE 2015 Debit Issuer Survey found that while 90 percent of financial institutions have begun issuing EMV debit cards or will do so by the end of the year, [highlight #FCE94F]only 25 percent of U.S. debit cards (about 71 million cards) will be chip-equipped by the end of 2015. The percentage of EMV debit cards in consumer's hands is expected to reach 73 percent by the end of 2016 and 96 percent by the end of 2017[/highlight].
So far, the large majority of chip cards going into the hands of cardholders are coming from larger issuers like Bank of America and Chase, according to the Federal Reserve Bank of Chicago. [highlight #FCE94F]The cost of this EMV transition is causing smaller banks to convert their cards more slowly[/highlight].
EMV debit cards may be issued at an even slower pace as banks have to prep their software to accept those new cards as well, according to Ferenczi.
Overall, while many chip cards have already been issued, some people may have to wait longer than others before sent a new EMV card, according to Johnson.
"Different companies will have different rollout strategies," says Johnson. Some will base their actions on card expiration dates; others will work to get chip cards into the consumer's hands as soon as possible
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AlohaRoss
3rd Party support
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