Everi Holdings Inc. announced that as the first company in the casino industry to offer an EMV-chip signature option for ATM devices, it is now fully end-to-end EMV-compliant with all its financial transaction devices, platforms, and systems used at hundreds of casino properties across the U.S.
EMV chip technology is an important 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 touchpoints 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.”
As many companies across the U.S. continue to work on becoming fully EMV compliant, Everi is ahead of the readiness curve and prepared to support the casino industry with its EMV compliance needs. The company has decades of financial services expertise and is the casino industry’s only single source provider of payments solutions, compliance products, and gaming machines.
“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 chief executive officer 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.”