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You may know it by one of many names: EMV, Integrated Chip Cards, or more simply Chip & Pin or Smart Cards… but whatever you call it: it is a hot topic for debate on the subject of credit card fraud. Many folks in the US in particular are unfamiliar with this technology, and many more of us are only familiar with it as a source of frustration when traveling abroad. In this post we will explain the difference between these and traditional credit cards, and why it is being discussed so heatedly in the wake of the Target breach. Would you like thet with stripes or chips? The magnetic stripe t
Chip-and-PIN payment cards are coming to the United States after a long head start as a standard card-present payment method in Europe and Asia. Already, retailer Target accelerated its plan to move its branded debit and credit cards to chip-and-PIN, also known as EMV (Europay, MasterCard and Visa), in short order following a devastating data breach during the Christmas shopping season. Other retailers are sure to follow, especially with an October 2015 deadline approaching imposed by Visa where it will institute a liability shift where the party causing a fraudulent transaction will be respon