Walmart: EMV Signatures Are Worthless

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 -- With over 40 years in the industry and technology, Craig is widely considered to be an expert in the field. Major early career kiosk projects include Verizon Bill Pay kiosk and hundreds of others. Craig helped start kioskmarketplace and formed the KMA. Note the point of view here is not necessarily the stance of the Kiosk Association or kma.global