July 29th, 2020 - Payments, POS
By Brian DuCharme, Vice President of Product Management, TNS
The April 2021 deadline for the EMV liability shift moves closer each day — but for fuel and convenience retailers who haven’t begun or finished their upgrade projects, it’s not too late to get started.
In fact, consider it an opportunity to upgrade not just your fuel pumps, but also the connectivity backbone that securely supports payments at AFDs while providing speed and reliability for customers, because your system is likely due for an overhaul — or even overdue.
Why is it Important to Update Payments Technology?
With fuel systems typically following a 10-year lifecycle, it is not uncommon for them to be out of sync with the advancement in payment acceptance systems. These systems have undergone fundamental changes so upgrades can deliver additional benefits.
Closed network infrastructure crippled by age and/or slow speeds meant retailers couldn’t update their in-store communications network to accept payments via digital devices — something most customers now expect. The ability to monitor, control and manage the older systems was limited, and often outdated designs were left in place indefinitely, so a retailer wasn’t able to update to more flexible, modular systems.
To get away from this kind of outdated network infrastructure, look to TNSLink for Retail — a fully managed connectivity solution for merchants that bridges an array of devices, including payments endpoints, PIN pads, AFDs, devices that stream media content, and back-office PCs, all while safely securing and separating the devices.
To solve the challenges of older, outdated systems, TNSLink for Retail:
These features create value for fuel and convenience retailers in five main areas:
Learn more about how TNSLink creates value for gas and convenience retailers.
Brian is Vice President of Product Management for TNS’ FinTech Payments business and has over 20 years’ experience in the telecom and payments industries. At TNS, he leads a diverse global team and is responsible for driving product innovation for safer, more secure commerce.