The FBI was strongly in favor of chip-and-PIN cards over chip-and-signature and then, all of a sudden, apparently less so. On Thursday (Oct. 8), the Federal Bureau of Investigation issued a warning to consumers, merchants and law enforcement that chip-based payment cards — while safer...
During Discover’s first-quarter earnings call with analysts yesterday (April 21), CEO David Nelms offered something of a reality check on the coming EMV migration and liability shift. “I think, more broadly, I expect that this is going to be a somewhat rocky rollout for the...
Walmart’s top payments executive told a conference last week that letting banks issue EMV credit cards without PINs makes a mockery of EMV security, CNN Money reported. “Signature is worthless as a form of authentication,” Walmart senior VP and assistant treasurer Mike Cook said during...
Many major U.S. banks could be looking toward better security measures that use chip-and-PIN technology, but instead are opting for new credit cards to use chip-and-signature security, The Wall-Street Journal reported. More than a half-billion new credit cards embedded with computer chips are anticipated to be...
October 12, 2015
The FBI was strongly in favor of chip-and-PIN cards over chip-and-signature and then, all of a sudden, apparently less so. On Thursday (Oct. 8), the Federal Bureau of Investigation issued a warning to consumers, merchants and law enforcement that chip-based payment cards — while safer than traditional mag stripe cards — were more secure when […]
April 06, 2015
Walmart’s top payments executive told a conference last week that letting banks issue EMV credit cards without PINs makes a mockery of EMV security, CNN Money reported. “Signature is worthless...
January 06, 2015
Many major U.S. banks could be looking toward better security measures that use chip-and-PIN technology, but instead are opting for new credit cards to use chip-and-signature security, The Wall-Street Journal reported....