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5 issues that could hamper EMV smartcard adoption in the U.S.

Jaikumar Vijayan | Feb. 12, 2014
Migrating U.S. payment systems to the Europay MasterCard Visa (EMV) smartcard standard could take significantly longer than envisioned and offer fewer security benefits than what's being touted by proponents of the technology.

However, a legal dispute between banks and merchants over a court's interpretation of the Durbin Amendment's intent has delayed implementation of the measure. A ruling on the issue is not expected until this fall, which means retailers will have to wait until then to decide how they should implement EMV for PIN and signature debit transactions.

 

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