The Trinidad and Tobago National Petroleum Marketing Company Limited (NP), in its bid to offer customers a safer way to transact purchases, has become the first local service station network to begin the migration to Europay, Mastercard and Visa (EMV) compliance with the introduction of the chip-card technology.
EMV is the global standard for chip-based payment transactions and will be fully operational at 20 service stations.
Being at the forefront of the latest EMV technology, NP said “it is protecting and reducing the threat of unauthorised card access for customers and has taken proactive steps to introduce safer, easier and more convenient ways for them to transact their fuel purchases.”
The introduction of EMV technology at NP comes as compliant point-of-sale (PoS) terminals and fuel dispensers offer customers increased security and reduces fraudulent credit card transactions resulting from lost or stolen cards.
Apart from the significant improvement in the approval time for transactions, the use of a personal identification number (PIN) at the time of purchase further provides peace of mind to cardholders as the chip cards offer greater convenience and choice.
NP’s EMV transformation was initiated in October 2019. With the success of its pilot, the rollout across the network quickly progressed with upgrades to both the PoS equipment at the QuikShoppes and the Pay-at-the-Pump facilities on the existing fuel dispensers at the service stations.