The US Payments Forum has released guidelines for ATM owners and operators to accept contactless chip card transactions at the ATM.

Currently, more than 85% of ATMs in the US are accepting EMV contact chip cards, and ATM owners are seeking to add contactless EMV chip capabilities to make transactions quicker.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The contactless ATM guide covers near-field communication (NFC)-enabled contactless chip cards and mobile wallets.

It provides information on contactless basics, requirements and transaction process of ATM contactless, certification, testing and approval requirements to support contactless transactions.

US Payments Forum executive director Randy Vanderhoof said: “Consumers are getting used to making fast contactless payments at merchant locations across the US; the ATM is the next logical segment to go contactless. It’s important that ATM providers, acquirers, processors, and vendors understand the requirements and full process when it comes to implementation.

“This white paper explains the differences between contact and contactless chip transactions and provides guidelines on the hardware, software and network requirements to accept contactless payments at the ATM.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In October this year, the Forum released two new implementation resources for card issuers and merchants in the country.

Meant for card issuers, the first resource provides recommendations for issuance of dual-interface contact and contactless chip cards to ensure acceptance at all merchant locations.

The second resource is intended for merchants, and guidance for Canadian contact chip cards processing at point-of-sale (POS) terminals in the US.