| Home : August 09 2014 Computer News : Payment cards with chips aren't perfect, so encrypt everything, experts say |
|
Payment cards with chips aren't perfect, so encrypt everything, experts say |
August 09, 2014
There’s a push to adopt chip-equipped payment cards in the U.S. following high-profile breaches at large retailers and restaurant chains during the past 12 months, but experts warn that switching to this payment system will not make fraud disappear.The EMV (Europay, MasterCard and Visa) standard is widely deployed around the world, and for the past 10 years or so it has been the de facto payment card system in Europe, where it’s also known as chip-and-PIN. The cards authenticate with ATMs and payment terminals using the combination of a customer PIN and information stored securely on an integrated circuit.In order to drive EMV adoption in the U.S., the credit card brands plan to shift liability in October 2015, after which parties that haven’t deployed the system will be held liable for fraudulent transactions.To read this article in full or to leave a comment, please click here
Link: http://www.pcworld.com/article/2463380/payment-cards-with-chips-arent-perfect-so-encrypt-everything-experts-say.html#tk.rss_all
|
|
|
|
|
