PCI Compliance – EMV Is ‘A Colossal Waste of Time’ for Retailers: Report

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.




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