Chip-and-PIN (EMV) Transition: Transition Hampered …

Davis Wright Tremaine LLP
Contact

Chip PinA recent report from the Congressional Research Service (CRS) highlighted a number of factors that are delaying the transition to chip-and-PIN (EMV) cards before the credit card network imposed deadline of Oct. 1, 2015. The CRS predicted four factors would slow chip-and-PIN adoption in the U.S. – the high cost to implement compatible point-of-sale readers and the high costs to issue new cards, the relatively low adoption level to date, the decision by some credit card issuers to deploy chip-and-signature cards and not use an integrated PIN, and regulatory uncertainty. The report also highlighted that it is yet to be seen whether signature verification will be as effective at reducing card present fraud as PIN verification. A copy of the full report is available here.

Related:

PCI Council: SSL Will No Longer Be Sufficient for E-Commerce

Legal Departments: Are Your Ready for The New PCI DSS Requirements?

Chip-and-PIN is Coming … To the US Government

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Davis Wright Tremaine LLP | Attorney Advertising

Written by:

Davis Wright Tremaine LLP
Contact
more
less

Davis Wright Tremaine LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.