Wednesday, May 27, 2015

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More on EMV:


And more...

More chip cards coming to consumers, but merchant readiness is mixed

Banks are ramping up efforts to get more secure chip-embedded credit and debit cards into customers wallets, while merchants face a financial deadline for adopting the new technology. 
Craig Pokorny, owner of Aporjon Leather & Luggage located in Fig Garden Village, shows the new chip card on his credit card with the new reader he has been using to offer increased security for customer transactions since October 2014 in the background. Pokorny said the magnetic strip cards so common in the United States typically amass transaction information and clears everything at the end of each business day.