ATMEquipment Blog Article
EMV liability shifts are
approaching fast, with MasterCard’s taking affect October 2016 and Visa’s only
a year behind. With less than 20 months to go before independent ATM deployers
(IADs) become liable for fraud at the ATM, it’s no surprise ATM operators are
beginning to make their upgrade plans.
But one glaring question remains
— what do you do with your Hyosung / Tranax 1500s? Should you upgrade it or replace
it? A new white paper from ATMEquipment.com explains the options for IADs that own/operate
the 50,000 active
1500s in the U.S. market today.
upgrade kit runs $850-$1,000 per machine and includes a new screen, motherboard
and card reader. It makes the machine TCPI compatible and upgrades the color
and graphics capabilities. As an added bonus, for those still lacking ADA compliance,
installing the kit upgrades the 1500 to ADA standards by default.
option open to IADs is to replace the 1500 with a new shell unit. The recently
introduced Nautilus Hyosung 2700 shell unit allows IADs to continue using their
reliable 1500 dispenser with the look and feel of a new machine, complete with
larger screens and modern styling.
are more expensive than the upgrade kit, they are less costly than purchasing a
new machine. On average, this solution saves about $150-$200 off the cost of a
into the shell unit option should make sure they have available dispensers and
they are in good condition. They should also obtain specifications and
compatibility information to make certain their dispenser is capable of
integration — some older models may have compatibility issues depending on the
type of 1500 dispenser that came with the machine.
option is to replace the 1500, especially given the age of many of the 1500
machines in the field. When the first liability shift hits in 2016, many of the
newest machines will be seven or eight years old. Although the real drawback to
replacing the 1500 is the cost — around twice as much or more compared to the
1500 upgrade kit —the pros of a completely new ATM are easy to see.
receives a more modern looking machine with the latest technology, which in
turn often drives maximum transaction volumes. Replacing the machine also gives
IADs the bonus of a warranty and the tax advantages available on new equipment
purchases. Upgrade kits are considered parts and are excluded from regular tax
line is that it’s a cost vs. reward decision when it comes to upgrading or
replacing the 1500. These three options provide ATM operators with some of the
best upgrade paths available for EMV. Now the question for ATM operators is — how
will you choose to upgrade your 1500?
Looking for more info on making your 1500 EMV compliant? Check out the complete whitepaper today. Or even look at EMV Central for other facts and figures about EMV.