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Software Archives - Financial Equipment for Retail & Financial Institutions | Edge One LLC

Upcoming PCI / EPP Compliance Mandates

In 2019, PCI (Payment Card Industry) announced new revisions for PCI PIN security requirements. PCI’s function is to set standards that ensure secure handling of customer PINs and data. PCI planned for a phased implementation of updates to provide a more secure method of transferring encryption keys from an ATM’s host processor to the ATM. Circumstances, such as Covid-19, resulted in an update to the compliance deadline dates. The dates below reflect these changes.

PCI PIN Security Requirement Dates:

  • December 31, 2022: Replace ATMs or upgrade EPP for ATMs with PCI PTS v1 or older
    (v1 EPPs are Less secure technology)
  • January 01, 2025: EPP hardware, firmware and software uses TR31 Phase 3 “Key Blocks”

Are your ATMs compliant?

In order to ensure the integrity of your ATMs, the current hardware and software needs an update. Failure to do so leaves your ATMs vulnerable. These vulnerabilities include risk of fraud, security attacks, data compromises and loss of revenue. As an ATM owner, the ATM networks consider you liable for any fraud or data breach involving your ATM. You could assess penalties or have any non-compliant ATMs shut down.

What actions should you take to ensure your ATMs are ready?

Prior to January 1, 2025, all ATMs will require, at a minimum, a software update. In addition, you may be required to replace your electronic PIN pad (EPP) or your ATM entirely. If you own or operate an ATM, do not leave this to chance. Contact the team at Edge One at 800-423-3343(EDGE). We will help audit your ATM fleet to ensure you are updated and compliant.

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The Shift to Software Subscriptions

Saas image - The Shift to Software Subscription

Consumer behavior is shifting, and many find the convenience of subscription appealing. From streaming television and music to meal preparation and household cleaning products, consumers now subscribe to almost everything. It is convenient. It is easy to just enter in your credit card and have a service delivered to you. Software is no exception. Over the last decade, we have seen software companies making the shift from traditional licensing to a subscription model. Experts are estimating that by 2023, 53% of all software revenue will come from subscriptions.

Why the shift?

It isn’t just the consumers driving this change. Companies are increasingly switching to a subscription-based revenue model. Subscriptions mean a consistent source of revenue that businesses can depend on. It isn’t just beneficial for businesses, however. Subscription based software also allows for affordability with a lower barrier to entry. Rather than a large sum paid out for a piece of software, you pay smaller amounts over time. Add in no-long term contracts, and it is easy to see the appeal of this software purchase option for the consumer.

Perpetual Licensing

Perpetual licensing is the more traditional model we are all familiar with. You pay a fee up-front for the right to use the software indefinitely. While this may sound like the more appealing option, there are limitations. Typically, the license may include some limited support and updates for a short time frame. Once that time is up, you no longer have access to those updates or support. Additionally, the software may be tied to a particular piece of hardware. If you upgrade that hardware, you are left having to re-purchase the same software. That can get expensive. Often a perpetual license comes at a large price tag. This barrier to entry can be cost prohibitive for small or start-up businesses.

Image of Software - ATM software from Edge One
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Subscription Licensing

With software subscriptions, consumers pay a monthly or yearly fee for access to the software. Sometimes there is a per-user fee. While subscribed, users can use the software and have access to support and updates, indefinitely. The subscription is typically tied to a user, not a piece of hardware. Meaning, you can continue using the software, even if you upgrade your hardware or change your system entirely. The up-front subscription fee is typically much lower than a traditional license, making it more affordable to get started.

ATM Software Subscription

With the move to software subscription happening everywhere, it should come as no surprise to learn that most major ATM manufacturers are doing the same thing. To streamline software offerings, subscription offers a much more common industry practice. Edge One always strives to be on the cutting edge with our hardware and software offerings. We have already begun updating some of our software offerings to reflect these changes. As always, we work to provide our customers with top-notch value and service.

Edge One’s Software Subscription Value

Simplification: Simpler product structures mean you only pay for what you use. No need to re-purchase every few years.

Entitlement: License transferability is now permitted on subscriptions. Licenses are no longer tied to individual hardware. this means there is no need to buy new licenses when hardware is replaced.

Flexibility: Simpler fleet management. Add/remove hardware, software options, or products. Adjust your subscription based on your needs. This provides a flexibility that legacy perpetual licensing didn’t have.

Choose Edge One for Your ATM Software

Edge One has always brought to the table a comprehensive list of offerings to keep your fleet in top shape. We have the latest in software offerings and software maintenance to keep you up to date and running smoothly. Our Compliance Audit Program ensures you remain PCI compliant. And, if you want to focus less on your ATMs functionality and more on running your business, Edge One’s ATM Management Program delivers. To find out more, Contact Us at 800-423-3343(EDGE)