SOURCE: Gilbarco Veeder-Root

Gilbarco Veeder-Root

SOURCE: Patriot Capital Corporation

November 03, 2014 11:45 ET

Outlook 2014 Executive Conference to Focus on EMV Compliance Upgrades

Patriot Capital Corp.'s Chris Santy and Gilbarco's Parker Burke to Speak About Financing EMV Compliance Upgrades

ATLANTA, GA--(Marketwired - November 03, 2014) - Chris Santy, President, Patriot Capital Corporation, will speak at the Outlook Leadership 2014 conference, held at The Fairmont Scottsdale Princess in Scottsdale, AZ on November 18, 2014. The event, produced by Convenience Store Products (CSP), provides workshops for senior convenience store executives to improve their profitability and grow their industry knowledge. The focus of this year's event is a capital markets symposium and a leadership boot camp.

Santy's presentation will address the challenges and opportunities that C-Store owners face in upgrading their sites to be compliant with upcoming EMV payment standards for in-store point of sale (POS) and outside payments terminals (OPTs), such as gas pumps and car wash payment kiosks.

"This EMV upgrade cycle presents opportunities for both jobbers and dealers to optimize their capital equipment financing structure, their balance sheet, and their customers' experience," said Santy.

Santy will be joined by Parker Burke, Director, Payment & Mobile, Gilbarco Veeder-Root, to present a workshop titled 'EMV Unwound.' Their session is designed to explain what is, and isn't, accurate about the compliance requirements related to PCI and EMV standards. The presentation will include insights into how gas pump EMV certified upgrades have been enabled in Europe and Canada, changes in the capital equipment financing markets since 2008, and current best practices in equipment financing and equipment leasing to optimize capital structures.

EMV is a payment standard requiring retailers to have EMV™ certified payment platforms in order to avoid a significant liability shift. There are two EMV upgrade deadlines that retailers need to be aware of:

  • October, 2015, liability will shift to acquirers for domestic and cross-border counterfeit fraud card-present POS transactions if the merchant does not have an EMV-enabled POS device in use inside their C-Store.
  • October, 2017, liability shift takes effect for transactions generated from automated fuel dispensers (AFD's).

About Patriot Capital Corporation
Patriot Capital specializes in enabling entrepreneurs to succeed by providing equipment financing to retailers in the convenience store and retail petroleum fueling industries. Working with our customers to enable them to optimize their capital structures, Patriot Capital is the leading provider of capital equipment financing and leasing to NACS (National Association of Convenience Stores) and SIGMA (Society of Independent Gasoline Marketers of America) members. For additional information, please visit www.patriotcapitalcorp.com

Patriot Capital Corporation is headquartered in Atlanta, Georgia.
Follow Patriot Capital on Twitter @PatriotCapital 

About Gilbarco Veeder-Root
Gilbarco Veeder-Root is the worldwide technology leader for retail and commercial fueling operations. We offer the broadest range of integrated solutions from the forecourt to the convenience store and head office. For almost 150 years, Gilbarco has earned the trust of its customers by providing long-term partnership, uncompromising support and proven reliability. In fact, we help manage the business and maximize the bottom lines for 19 of the top 20 convenience store operators in the U.S. Gilbarco Veeder-Root. Technology with a human touch.

EMV™ is a trademark owned by EMVCo LLC.

Contact Information

  • Contacts
    Patriot Capital Corporation 
    Richard Browne
    Vice-President Marketing,
    Cell: 704.312.2181
    Email: Email contact

    Gilbarco Veeder-Root
    Andrew Syzek
    Commercialization Manager
    Phone: 336-547-5460
    Email: Email contact