PCI Compliance – EMV Is ‘A Colossal Waste of Time’

By | June 12, 2015

IHL, which tracks retail payment trends, has slammed EMV in a recent report, calling it “a colossal waste of time, effort and capital to the retail industry.”

Source: www.paymentssource.com

Major holdup for EMV is that the banks are going to charge more per transaction to do EMV.  That’s a break in tradition where usually the more secure transaction has fewer fees since fewer problems. Card present transactions are cheaper for businesses than card-not-present for example.

Author: Staff Writer

Craig Keefner is the editor and author for Kiosk Association and kiosk industry. With over 30 years in the industry and experience in large and small kiosk solutions, Craig is widely considered to be an expert in the field. Major kiosk projects for him include Verizon Bill Pay kiosk and hundreds of others.