Walmart: EMV Signatures Are Worthless | PYMNTS.com

By | April 6, 2015

Walmart’s top payments executive told a conference last week that letting banks issue EMV credit cards without PINs makes a mockery of EMV security, CNN Money

Source: www.pymnts.com

But card brands Visa and MasterCard, which are allowing banks to issue PIN-free credit cards, argue that the security improvements aren’t worth the high cost of retrofitting credit card-processing systems. 


Ericksen added that chip-and-PIN “will have a shorter shelf life. We’re moving to new technologies and innovation,” she said, including point-to-point encryption and the tokenization that underlies Apple Pay. Both those technologies hide actual payment-card numbers from both retailers and cyberthieves, and banks and card brands hope those technologies will become mainstream payment methods within the next few years.

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.