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Tag: “chip-and-PIN” cards

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RILA: banks announced they will move to chip and PIN cards while ABA lobbyist says PIN is not going to be adopted in U.S.

Arlington , VA, 2015-10-27 — /EPR Retail News/ — Earlier this month, lobbyists from the American Bankers Association (ABA) loudly asserted that an FBI consumer alert urging consumers to use PINs with newly issued EMV or "chip" credit cards was misguided, because banks in the United States were not issuing chip and PIN credit cards. A…
October 27, 20150Comments

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Financial Management Retail Retailer Technology

RILA: Retailers spent billions upgrading to accept new “chip-and-PIN” cards, but banks keep on issuing “chip and signature” cards in US

Arlington, VA, 2015-8-31 — /EPR Retail News/ — In a segment on this morning's Today Show, a spokeswoman from MasterCard led viewers to believe that new "chip" credit cards being issued to consumers are the same cards currently issued in Europe and Canada that have reduced fraud by almost 80 percent. What this spokeswoman omitted,…
August 31, 20150Comments

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