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Tag: chip-based credit cards

NRF welcomed attorneys general’s call to credit card companies on the use of personal identification numbers with the new chip-based credit cards

Letter Calls PIN ‘Gold Standard’ for Card Security WASHINGTON, 2015-11-18 — /EPR Retail News/ — The National Retail Federation today welcomed a letter sent by nine attorneys general to the nation’s top credit card companies and banks calling for the use of personal identification numbers rather than signatures to approve purchases made with new chip-based credit cards. “This…

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The National Retail Federation agrees with FBI warning that new chip-based credit cards are safer but need PIN to minimize risk of fraud

WASHINGTON, 2015-10-12 — /EPR Retail News/ — The National Retail Federation today said it agreed with a warning from the FBI that new chip-based credit cards are safer than traditional cards but still vulnerable to fraud and need to be used with a PIN instead of a signature to minimize risk. “What the FBI is saying is…

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EPR Retail News