New Leaf Community Markets, located in Santa Cruz, CA, has also implemented M/Chip Fast to reduce EMV transaction times to three seconds or less.Faster Chip Terminal Testing and Certification In June, Mastercard unveiled a new EMV chip terminal testing and certification program that speeds chip terminal deployment to hours, rather than days, allowing merchants to move more quickly to EMV. The new program maintains terminal testing and certification quality and empowers merchant bank acquirers and value-added resellers to take more responsibility in the process including:
- Acquirers will have more responsibility and flexibility for terminal testing as a part of their own internal processes and schedules. Mastercard has also cut the number of needed tests by 58 percent, minimizing mandatory tests and allowing acquirers to use their discretion and expertise in deciding when terminals are ready for deployment.
- VARs will receive more and dedicated resources to help accelerate terminal deployments. The new resources will help VARs navigate terminal configurations, test processes and ramp up in-field issue resolution.
- Acquirers and VARs will benefit from published guidelines on standard terminal test configurations which will improve the testing cycle and simplify testing processes. Standard terminal configuration packages will be available for certain industry segments, such as quick-serve restaurants and big box retailers.