800.498.5795

New! Search parts by scanning barcodes with your Android

$0.00
  • Products
    • Nautilus Hyosung ATM Machines
      • Force
      • Halo II
      • 2800T
      • 5200
      • 5300CE
      • Halo II Shell
    • Genmega ATM Machines
      • G2500
      • Onyx
      • Onyx W
      • C6000
      • GT3000
      • GT5000
    • Retail ATM Parts
      • Nautilus Hyosung
        • NH2700CE
        • MB1800CE
        • Halo
        • Halo II
        • 1800SE
        • MB1500
        • MM5000
        • MX5100T
        • NH5200
        • Force
      • Genmega
        • G1900
        • G2500
        • GT3000
        • GT5000
        • Onyx
        • Onyx W
      • Hantle
        • MB1700
        • MB1700W
        • C4000
        • T4000
    • Hyosung Financial ATM Parts
      • 5100T ATM Parts
      • 5300 ATM Parts
      • 5600 ATM Parts
      • 7600D ATM Parts
      • 7600FFL ATM Parts
      • 7600I ATM Parts
      • 7600T ATM Parts
      • 7800D ATM Parts
      • 7800I ATM Parts
      • 7800T ATM Parts
      • 8200QT ATM Parts
      • 8800 ATM Parts
    • Hyosung TCR Parts
    • ATM EMV Upgrade Kits
      • Nautilus Hyosung
      • Genmega
      • Hantle
    • ATM Paper
    • ATM Signs & Decals
    • ATM Wireless & IP
    • ATM Cabinets
    • ATM Maintenance
      • Preventative Maintenance Kit
      • Standard EMV Cleaning Card
      • EMV SMART Cleaning Card
      • Card Reader Cleaners
    • Gorilla ATM Security
      • GT3000 Walk-Up Surround
      • Low Security Surround
      • Tall Security Surround
      • Onyx W Wall Surround
    • Sale Items
    • Wireless Service
  • Repairs
    • Repair Center
    • Submit Online Repair Request
    • View Repair Price List
    • Check Repair Status
  • Support
    • Support Center
    • ATM Machine Error Codes
    • ATM Machine Software Downloads
    • ATM Machine Manuals
    • ATM Machine Tech Bulletins
    • EMV Support
    • ATM Shipping Guidelines
    • Hyosung Mainboard Identification Guide
    • Certified Repair Center
    • Contact Technical Support
    • Video Library
    • ATM ED
  • About Us
    • About NextATM
    • Contact Us
    • Achievements
    • Testimonials
    • News
    • White Papers
  • Role
My Account Shopping Cart Checkout
NextATM News > 
NextATM News

Hyosung / Tranax 1500 and EMV: What Should You Do?

Bookmark and Share

ATMEquipment Blog Article

March 2015

 

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

The EMV 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.

 

Shell Unit

A second 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.

 

While shells 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 regular machine.

 

IADs looking 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.

 

Replace

A third 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.

 

The location 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 depreciation schedules. 

 

The bottom 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.

NextATM is the leading supplier of ATM machines, ATM parts, ATM signs, ATM decals and ATM paper.
800.498.5795
Learn more about NextATM

Connect

  • Terms & Conditions
  • Browser Requirement
  • Privacy Policy
  • Returns and Exchanges
  • Sitemap
© 2008- NextATM. All Rights Reserved.