Visa’s Chip-And-No-PIN Plans For The U.S. Making Some Nervous
Written by Frank Hayes and Evan SchumanJanuary 19th, 2012
With Visa's clarification on January 13 that its U.S. EMV deployments will include Chip-and-no-PIN, retailers are trying to decide if this is a good thing or a bad thing. On the bad side, this forces retailers to immediately trust the chip technology perhaps a bit more than they want to.
"When I think about secondary validation, that gives me more of a warm fuzzy even though we have people saying that I have a more sophisticated chip and that my smart device has got some protection sitting in it," said Bill Titus, the Loss Prevention VP at Sears.
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