Payments Prophet Richard Oliver says many payments innovations in the U.S. are long overdue. Oliver’s group, the Retail Payments Risk Forum, is taking some progressive steps to forge industry partnerships among bankers, regulators and law enforcement. He says he expects 2011 to be the year that banks begin heavily investing in EMV or EMV-like chip technology. But that expected investment will face some challenges, since a lack of leadership could prevent EMV from gaining ground. Oliver: “We have no one authority to help drive this thing” in the United States.”]
Source: https://www.cuinfosecurity.com/blogs/payments-prophet-p-799