G+_Craig Sotelo Posted February 11, 2014 Share Posted February 11, 2014 5 issues that could hamper EMV smartcard adoption in the U.S. - Computerworld, http://m.computerworld.com/s/article/9246210/5_issues_that_could_hamper_EMV_smartcard_adoption_in_the_U.S.?utm_campaign=buffer&utm_medium=social&utm_content=bufferbd33b&utm_source=plus.google.com Link to comment Share on other sites More sharing options...
G+_Damian Mongru Posted February 12, 2014 Share Posted February 12, 2014 The reasons seem a bit odd, and as if a lot of the world hasn't moved to chip 'n' PIN payment - therefore these problems haven't been faced already. 1 and the first part of 3 are linked. That is to say the liability when not using chip 'n' PIN is shifted to the merchant. The cost depends on the system used, and in most cases involves changing the card reader to a chip 'n' PIN PED. In a lot of cases where the reader is leased from the bank, there is little extra cost incurred. 2: Sort out your standards ideally where PIN entry is mandatory. 3: Having a magnetic reader means the lowest security you have is what you currently use. Use a smartcard wherever possible. Trying to say the security is weakened is really making an effort to discredit smartcards. As for Target's security - this is another red herring* as smartcards aren't trying to stop this type of problem. Although I believe there are an extra set of security issues required to make you PCI DSS compliant if you hold your own payment information. I have no idea what kind of security Target were using. 4: Everything probably can be changed in time - but it would be tricky. Also, being in the EPoS business may be quite lucrative in the near future. However, this isn't starting from scratch. It is adopting a technology used around the world, and a lot of the problems have been ironed out already. 5: I'm sure the lawyers will get involved somewhere. Listening to TWiT this week I couldn't understand everyone's problems with it. To use a card now, you hand it over, they swipe it, you sign and if everything matches (or in most cases if the signatures are vaguely similar) your items are paid for. Now, you put your smartcard in the machine, enter your PIN, and off you go. They made it sound like a huge hassle. It's just two factor authentication, something you have (your card) and something you know (your PIN). *probably more a strawman Link to comment Share on other sites More sharing options...
G+_D Lets (LetsLets) Posted February 12, 2014 Share Posted February 12, 2014 More than likely sometime next year we should see the start of the conversion over to Chip and pin here in the US. Europe says that when they made the conversion they saw that 80% improvement in the drop of falsified charges. Link to comment Share on other sites More sharing options...
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