Maestro PMS becomes certified for chip and PIN credit card processing

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.

"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."

"Chip & PIN processing has greatly reduced credit card fraud in Europe, and we expect the same benefits in North America,” Dehan said. “That is why Maestro PMS acted early for certification for EMV-approved processing support to help operators avoid liability for fraudulent transactions."

Virtual Event

HOTEL OPTIMIZATION PART 2 | Now Available On-Demand

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


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.

 

Suggested Articles

The £18.4 million fine stems from a data breach discovered after the company purchased Starwood Hotels & Resorts Worldwide.

The tool complements Zeno Travel, and the two work together as an expense-management and travel-booking platform.

New research suggests 64 percent of hospitality professionals believe the risk of a data breach increases when employees work off site.