The Trinidad & Tobago National Petroleum Marketing Company Limited (NP) has become the first Service Station network to begin the migration to Europay,Mastercard and Visa (EMV) compliance with the introduction of the chip-card technology. Being at the forefront of the latest EMV technology, NP is protecting and reducing the threat of unauthorized card access for customers,and has taken proactive steps to introduce safer, easier and more convenient ways for them to transact their fuel purchases.
EMV is the global standard for chip-based payment transactions and NP has successfully rolled out the first-ever, fully operational EMV-compliant credit card infrastructure at twenty (20) of its Service Stations, thus far. The introduction of EMV technology at NP comes at an appropriate time since 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.
In addition to 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.
Working closely with key stakeholders,NP’s EMV transformation was successfully 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.
NP remains committed to introducing innovative payment options to the industry, as the EMV-upgrade rollout continues.