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

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: Kiosk Industry

Kiosk manufacturer experience since 1993. Engineer for Verizon Bill Pay kiosks while at KIS in Colorado. Extensive device knowledge for printers, scanners, currency, PCI, ADA, touch screen technology, outdoor, biometrics such as fingerprint and IRIS. Runs and manages the current kiosk association, KMA. Works with U.S. Access Board on ADA and accessibility. PCI SSC participating organization. Member of National Retail Federation (NRF) and National Restaurant Association.