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More Bad News For EMV Security

Written by Evan Schuman
August 3rd, 2011
For years, EMV has been touted as a more secure payment card approach. But a presentation being made at this week's Black Hat conference is the latest to say that the technology has fatal security flaws and, indeed, that its sophistication is its Achilles' heel.

For the U.S. retailer, this news may further erode any movement toward Chip-and-PIN, an effort that had already effectively been stalled by retailer apathy. Despite a push last year by Wal-Mart, retailers have shown almost no interest in making the change. The move in the U.S. toward mobile payment, which is unlikely to be easily compatible with current-day EMV efforts, is the latest Chip-and-PIN roadblock.

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Posted in E-Commerce, In-Store, IT Strategy/Industry, Mobile/Wireless/Contactless, Payment Systems, Premium Content, Security/Fraud, Software
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