EMV and P2PE: What Does it Mean to Me? (Presenter: Matt Murdough from Element PS)

EMV AND P2PE – WHAT DOES IT MEAN TO ME?

• Educators• GoToWebinar Overview• Webinar Presentation• Additional Resources

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MILLENNIUM FEATURED WEBINAR

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YOUR EDUCATORS

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BRITTANY MACHIP R E S E N T E R

H O S T

Brittany Machi has a background in Elementary Education, as well as English. As a member of the Education team, she focuses her time on educating businesses, as well as furthering the education of the internal employees. She is actively involved in creating curriculum, administering exams, and communicating with businesses to determine their educational needs.

MATT MURDOUGHMatt Murdough has a background in payments that has stretched over 10 years which includes over 5 with Element Payment Services. As a Channel Development Manager, he focuses his time on providing strategic support to Element partners, including Millennium, to help define go-to-market strategies and Element integration support.

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GOTOWEBINAR OVERVIEW

o All attendees are muted upon entry to the webinar.

o The webinar is in “listen only” mode for attendees.

o If you have questions for the presenter(s) or host, please enter them into the “Questions” box in the panel on the right hand side of your screen.

o At the end of this webinar, please take some time to fill out the brief survey that will be sent to you via e-mail.

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WEBINAR PRESENTATION

• How to Protect Your Business

from Fraud using EMV and

P2PE

• Knowledge of EMV Chip

Technology

• How Element Can Protect you

from Fraud

EMV and P2PE – What Does it Mean to Me?

Protecting your business transactions from fraud

is of paramount importance to your company’s

financial success. EMV with Point-to-Point

Encryption (P2PE) are the keys to combatting

fraud with card-present/face-to-face transactions.

Element’s session provides a comprehensive

overview of EMV chip technology, why you need

both EMV and P2PE and how Element’s

innovative triPOS technology delivers an all-in-

one solution to help you face the retailer liability

shift.

© 2015 Vantiv, LLC. All rights reserved.

A Vantiv Company


Agenda

PCI Compliance

Am I really that vulnerable to a breach?

Fully Integrated with Millennium & Meevo

Compare the benefits

Tokenization

Account Updater

Point-to-Point Encryption

EMV

Mobile Payments with Payments2Go

Price and Flexibility with Element

Choice of Processor – Acquired vs. Gateway

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A Vantiv Company


PCI Compliance –

“I know what it is, but I’m too small for a thief to bother”

“I turned on PCI Compliance in my software so I’m compliant”

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A Vantiv Company


Payment Card Industry – State of Awareness

• 71% of merchants store unencrypted data on their network

• 62% of merchants in the U.S were subject to payments fraud in 2014.

• 81% of organizations suffering a breach had not been validated as PCI Compliant at the time of breach

• 50% of breaches have come from viruses, malware, worms or trojans

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A Vantiv Company

© 2015 Vantiv, LLC. All rights reserved.9

33% of Breaches

Level 4 Merchants

Compromised in 20 months Average

Breach Cost $194+/Record

87% of breaches

are avoidable using

compliant solutions

81% Not PCI

compliant

45% Companies Breached

Filed Bankruptcy

PCI Compliance – The Cost of a Breach – The Shocking Truth


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PCI Overview – “Digital Dozen”

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Introducing Millennium’s Integrated Processing Partner

Element Payment Services

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A Vantiv Company


Element Payment Services

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• Established in 2003 and Acquired by Vantiv in 2013

• Level 1 PCI-DSS Compliant Service Provider

• Inc. Magazine Top 500/5000 Fastest Growing US Company 2011, 2012 & 2013

• Business Solutions Magazine Award Winning Company

• Top 2 US Processor

© 2015 Vantiv, LLC. All rights reserved.© 2015 Vantiv, LLC. All rights reserved.

Vantiv Companies

What Does “Fully Integrated” Mean?

Manage your entire business, including payment processing from a single integration through Millennium and Meevo

Key Benefits

Removes middlemen who add fees.

Reduces risk & liability

Higher quality processing services and better support

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A Vantiv Company



Vantiv Companies

Element’s Tokenization

What is Tokenization?

Allows Millennium customers to bill fees using card-on-file, without passing actual credit card data between Element and Millennium

Key Benefits

Increases operational efficiencies for customers by facilitating secure card-on-file billing

Reduce the liability associated with storing cardholder data

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A Vantiv Company



Vantiv Companies

Element’s Account Updater

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A Vantiv Company


What is Account Updater?

Combined with Element’s Tokenization, Element’s Account Updater receives automated updates on card-on-file information within Millennium

Key Benefits

Increase sales and customer retention by providing uninterrupted service to customers

Reduce costs and hassle associated with contacting customers to obtain updated info

Improve customer satisfaction by reducing negative experiences caused by declined transactions


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Element’s Account Updater Pricing & TME Promo

Account Updater Pricing*

Standard Pricing

Millennium Pricing

One Time Set-Up Fee

$20.00 $ 10.00

Monthly Fee $10.00 $ 5.00

Service Fee**Per Valid

Update

$0.99 $0.50

• Try Element’s Account Updater for Free for 90 Days

• Cancel at any time during 90-day trial at no-charge

• To enroll, contact your Element Account Manager at 866-435-3636 x1721


Vantiv Companies

Point-to-Point Encryption (P2PE)

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A Vantiv Company


What is P2PE?

Sensitive cardholder data is protected from the initial swipe (or key-entry) all the way to the processor

Scope Reducing Technology

In production for 6+ years

Sensitive card data never enters Millennium or Meevo

Element’s PCI Level 1 facilities handle all sensitive data

Element has achieved P2PE-Validated status


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P2PE featuring…

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SecureKey MSR

• Point-to-Point Encryption • Credit (Swipe-CP)• Credit (Manual-CP/CNP)

• Uni-directional• Keyboard Compatible • Fraud Features

Driverless PIN Pad

•Point-to-Point Encryption• Credit (Swipe-CP))• Credit (Manual-CP)• Debit (PIN-CP)

• Uni-directional• Keyboard Compatible• Fraud Features


A Vantiv Company


EMV Processing with Element’s triPOS

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A Vantiv Company


What is EMV?

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• EMV is a payment method that combines a plastic card with an integrated microprocessor chip.

• The name “EMV” stands for EuroPay® MasterCard® Visa®

• An EMV card uses a small embedded chip to hold the account number and other sensitive data historically held on the magnetic stripe itself.

• 70% of cards expected to have chip by end of 2015


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EMV Liability Shift – October 2015

What does “liability shift” mean?

• Contrary to popular belief, a merchant does NOT need to shift by October 1st, 2015.

• The liability shift moves the responsibility of fraudulent transactions from the merchant to the card issuers when accepting chip cards on a chip-enabled device.

• To qualify for the liability shift, a merchant must process 95% of its total card-present transactions through a certified EMV device.

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EMV Liability Scenarios for Visa and MC


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EMV Devices Supported with triPOS*

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*triPOS integrated into Millennium and Meevo expected in August 2015


Vantiv Companies

Mobile Payments with Element’s Payments2Go

• Mobile Payments (Non-Integrated)

Securely process swiped transactions from any iOS enabled device

Simply download Element’s FREE app from iTunes

Take payments anywhere

Same rates as your standard account with no additional monthly fees

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A Vantiv Company


Payment Card Industry – State of Awareness

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Tier Transactions per Year Target Group

1 More than 6 millionAnyone with breach

Merchants, Merchant Agents, Processors, Direct Connects

2 1 – 6 million Merchants, Merchant Agents, Processors

3 20K – 1million ecommerce Merchants only

4 Less than 1 million Merchants

• Level 1 – Annual onsite by Qualified Security Assessor (QSA) or internal audit if signed by Officer of the company, quarterly network scan

• Level 2 – SAQ Annually, Quarterly Network Scan




Vantiv Companies

Element’s PCI DSS Merchant Compliance Program

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A Vantiv Company


Element has Partnered with Trustwave, a Leading PCI Qualified Security Assessor (QSA)

Key Benefits

Online Portal to Complete Annual SAQ

Customer Support to Assist Completion of SAQ

Quarterly Network Scans against three (3) different IP Addresses for Vulnerabilities

$100,000 Breach Insurance


A Vantiv Company


Two Processing Options with Element –Acquired or Gateway

The Choice is Yours!


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Gateway Merchant – Keep Your Current Processor

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Gateway – A merchant who is using Element only for the integrated features between Millennium/Meevo and the merchants processor. AKA: Element is the gateway/bridge

Gateway ONLY

Visa, MasterCard, Discover Processing Rates

Goes Unchanged (Continue paying charges from current processor)

Element Gateway Fee Monthly Fee – varies depending on number of accounts and how many transactions are ran

Core Reporting (Online Reporting)

Not Available (Authorization reporting only, Settlement Reports continue to come from current processor)


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Acquired Merchant – Use Element as your Processor

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Acquired – A merchant who is using Element as their sole integrated payments processor

Acquired

Processing Rate for Visa, MasterCard, Discover

Interchange Pass-through + Element’s Rate

Element Gateway Fee WAIVED!! ($0.00)

Core Reporting (Online Reporting)

$5.00/month


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Benefits Overview

• PCI Compliant Payment Processing

• Hosted Reporting + Free Virtual Terminal and Mobile

• P2PE for Swiped & Keyed Transactions

• EMV Processing with triPOS

• Eliminate Errors & Duplicates Entries at the Point-of-Sale

• Competitive Rate Analysis OR Element can work with ANY processor as a gateway

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Next Steps

Referral Form:

www.elementps.com/Millennium-Merchant

Or Call us at 866-435-3636 x1721

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