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: Staff Writer

Craig Keefner is the editor and author for most Kiosk Association and kiosk industry. With over 25 years in the kiosk 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.