As of January 2018, the National Institute of Standards and Technology (NIST) has mandated that all merchants and their customers must be updated to TLS 1.2 and SHA-2 encryption standards to accept and process credit cards. Failure to switch will not result in a change of reliability, however, it will result in a complete disruption of service.
The National Institute of Standards and Technology (NIST) is encharged by the U.S. government to create, set and enforce Internet security protocols. When security protocols are created or updated by the NIST, they are first adopted by government institutions and then followed by public companies.
Deadlines for TLS 1.2 and SHA-2 compliance are subject to each merchant service provider but must be completed by June 30, 2018. As a business owner, new or existing, the responsibility is on you to provide your customers with methods of payment that meet these encryption standards. That means using the appropriate encrypted hardware, provided by a trusted and approved merchant service provider. In most cases, this will also require you to upgrade your POS software.
If you're a POS Nation customer, the easiest and most secure way to upgrade to TLS 1.2 and SHA-2 compliance is by contacting customercare@posnation.com. Approved and supported by Vantiv, POS Nation is certified to provide payment and technology services that meet industry standards.
If you're in the market for an upgrade to TLS 1.2 and SHA-2, and a new point of sale solution, contact sales@posnation.com or schedule a live software demo today!