Slot and payments supplier Everi Holdings announced that it has become the first supplier to the casino industry to offer a full EMV-chip (Europay, MasterCard, and Visa) option on all its financial transaction devices, platforms and systems used at hundreds of casino properties across the U.S.
EMV chip technology is a fraud prevention tool fast becoming the global standard for credit card and debit card payments. Microprocessor chips that store and protect cardholder data are embedded in payment instruments, such as cards or mobile phones, and connect with a card reader to authenticate transactions.
However, unlike with traditional magnetic strip-based cards, EMV chip technology is nearly impossible to duplicate and can significantly reduce fraud when combined with other forms of payment security.
“Our team has worked hard to ensure that our products are EMV-compliant, updating more than 7,000 touch points across our customer base over the past few months,” said Juliet A. Lim, executive vice president of payments, general counsel and corporate secretary of Everi. “I’m pleased that through our efforts, Everi is now fully EMV-compliant, allowing us to ensure that customers are prepared to accept this new technology at their properties.”
“We pride ourselves in developing reliable, best-in-class products that our customers can depend on to maximize their business and ensure patrons have convenient access to their funds,” said Michael Rumbolz, interim president and CEO of Everi.
“While many of our competitors are still working on EMV compliance initiatives, Everi has emerged as the industry’s only provider to achieve full compliance. We share our customers’ fraud prevention concerns, and have received positive feedback regarding Everi’s role in helping them seamlessly transition to EMV technology-ready products and systems.”
