MARKAM, ON—Maestro PMS’ Maestro Property Management System Suite is now 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.
“EMVCo has set an important October 2015 deadline that affects hotels,” stated Maestro PMS President Warren Dehan. “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.”
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.
Dehan added, “Chip & PIN processing has greatly reduced credit card fraud in Europe, and we expect the same benefits in North America.”