Blog | G5 Cyber Security

Chip and PIN: No panacea, but worth the effort and the cost

By October 2015, chances are that America will no longer have the dubious distinction of leading the world in credit card fraud. A year from next month, the 1960s-vintage swipe-and-signature magnetic stripe card system is expected to be yielding in a serious way to EMV, also known as chip and PIN The much-anticipated, and debated, shift will not be because of a mandate. But next October marks the so-called liability shift a clear incentive for merchants and banks to make the transition.”]

Source: https://www.csoonline.com/article/2685514/chip-and-pin-no-panacea-but-worth-the-effort-and-the-cost.html

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