Understanding EMV Compliancy and QuickBooks

There’s been a lot of confusion about the upcoming October 1st deadline for EMV compliancy, especially regarding which QuickBooks versions are compatible with the new national requirements if you’re using Intuit’s QuickBooks Payments service. Finally we are getting clear advice from Intuit so heads up, this is crucial information!

Intuit is extending the EMV liability shift by six months for its QuickBooks Payments customers. This means that Intuit will assume liability for the fraud until March 31, 2016 if you process credit card payments using the QuickBooks Payments service.

Why? Because you have not been given sufficient notice of crucial facts about your software and QuickBooks Payments, and Intuit needs more preparation time.

Which versions of QuickBooks will be EMV compliant? Only the newest version of each QuickBooks product will work along with the new QuickBooks Payments EMV compliant card processors to provide you with a fully compliant solution. Only the following products are sufficient:  

  • QuickBooks Point of Sale v12
  • Enterprise v16
  • QuickBooks Pro 2016
  • QuickBooks Premier 2016
  • QuickBooks Online

 

No one is forcing you to upgrade your software or to be EMV compliant. It’s your choice.

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GoPayment users, read this:

If you accept payments on your hand held device using the GoPayment app, the $30 QuickBooks Mobile EMV Card Reader can be pre-ordered here.

 

All QuickBooks Enterprise/Premier/Pro customers read this:

To become EMV compliant by March 31, 2016 you will need to be upgrade your software to Enterprise v16, and/or QuickBooks Pro/Premier 2016 and you will also need to swipe credit cards with an EMV compliant card reader (available early 2016). 2016 software will be available for purchase very soon. Contact me if you want to be notified as soon as its available.

For the time being, continue to swipe credit cards to process transactions, so basically no change and it’s business as usual. Since Intuit is extending EMV liability through March 31st, 2016, Intuit Payments customers will not begin using the EMV card reader (when available) until instructed to by Intuit or your Intuit Premier Reseller.  If you try to use an EMV card reader before you’re notified it’s time, it will not function, so please understand that this will be active early 2016.

Information on the new QuickBooks USB EMV Card Reader for use with Desktop 2016 and QuickBooks Online will be available soon.

What about keying in a credit card? If you only key in customer credit card information, or take a credit card by phone, rather than swiping the card, then you have always been liable for any fraudulent credit card use and that will not change. The EMV liability shift only affects vendors who swipe customer credit cards in person.

 

All QuickBooks Point of Sale customers, read this:

To become EMV compliant, by March 31, 2016 you will need to be upgrade your software to QuickBooks Point of Sale v12, and you will  also need to swipe credit cards with an EMV compliant Telium pin pad, available now , and/or an EMV compliant card reader (available early 2016). Many of you already received this new pin pad from Intuit earlier this year.

For the time being, continue to swipe credit cards to process transactions, so basically no change and it’s business as usual. Since Intuit is extending EMV liability through March 31st, 2016, Intuit Payments customers will not begin using the EMV card slot in the Telium pin pad or the EMV card reader (when available) until instructed to by Intuit or your Intuit Premier Reseller.  If you try to use the EMV slot on the Telium pin pad today, it will not function, so please understand that this will be active early 2016.

If you are using QuickBooks Point of Sale v11.0 (2013) or earlier, and wish to be EMV compliant, contact me now for pricing on upgrading to QB POS v12 between now and March 31, 2016. I will also give you pricing on the EMV compliant Telium pin pad which must come from Intuit in order to be QuickBooks Payments compatible.

Information on the new QuickBooks USB EMV Card Reader for use with QuickBooks Point of Sale v12 will be available soon.

 

Finally, if you’ like to read more, here an article from The Sleeter Group.

http://www.sleeter.com/blog/2015/09/quickbooks-emv-compliance/

 

 

 

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