QuickBooks POS Desktop Customers Get ready for EMV

emv chip

As you are aware, the credit card industry shifted to EMV, a new standard designed to make credit transactions more secure. EMV stands for Europay, MasterCard and Visa – the developers of this standard.

Throughout this shift, Intuit has been dedicated to making the change to EMV as easy and as painless as possible, first by extending liability coverage until Intuit’s EMV solution is ready and now by offering special incentives to help QuickBooks POS customers get ready.

What you need to do 

EMV will only be supported on the latest point of sale software version, QuickBooks Point of Sale Desktop 12.0. Upgrade your software now to get ready for EMV. We know that making a change can be costly so we are offering significant discounts on POS software when you upgrade by June 1, 2016 . To order, please shop online or call 1-800-931-2120.

Frequently asked questions

What’s EMV?

  • EMV is a global standard for credit and debit payment cards based on chip card technology (it’s short for Europay, MasterCard, and Visa)

Where does the EMV liability shift apply?

  • EMV liability shift only applies to fraudulent chip enabled cards that are swiped not dipped / inserted
  • If you only key in credit card data instead of swiping cards, you will not be affected by the EMV liability shift, but you should always be aware of the ways to prevent fraud when processing online or phone transactions.

Who are covered under Intuit’s liability coverage till when?

  • For QuickBooks Payments customers, Intuit is taking the full liability for EMV related fraudulent charges until QuickBooks Point of Sale Desktop 12.0 is EMV compliant.

What happens next?

  • If you are a payment customer, you need to have QuickBooks Point of Sale Desktop 12.0 and the Ingenico iPP350 to be EMV compliant.
  • If you have QuickBooks Point of Sale Desktop 12.0 and the iPP350, there is nothing else you will need to buy to be EMV compliant.
  • Or if you have purchased QuickBooks Point of Sale, powered by Revel Systems and the iPP350, there is nothing else you will need to buy to be EMV compliant.

About Marjorie Adams

Our head QuickBooks trainer and guru, Marjorie Adams, is Founder and CEO of Fourlane, Inc., an award-winning consulting firm and Intuit’s #1 QuickBooks Reseller Partner. Fourlane’s team of experts offers several QuickBooks oriented services including consulting, training, programming, integration, and more. Over the years, Fourlane has helped over 10,000 customers across many different industries with their QuickBooks accounting software. Marjorie Adams is considered one of the top QuickBooks trainers in the country. She was listed on CPA Practice Advisor’s 40 Under 40 in 2014 & 2015, and has been recognized as Intuitive Accountant’s 2015 QuickBooks Desktop ProAdvisor of the Year. Marjorie sits on Intuit’s VIP Program, is a frequent contributor to Inuit Accountants News Central, and has developed Intuit’s QuickBooks Enterprise Certification training. She has also been published in The Wall Street Journal, Forbes, BusinessWeek, American Express Open, the Huffington Post, and Inc. Magazine.

Back to list

Leave a Reply

Your email address will not be published. Required fields are marked *