2014 the year for EMV?

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websteth
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2014 the year for EMV?

Postby websteth » Sun Jan 12, 2014 10:59 am

So with all of the recent hacks of cards, could 2014 be the year we finally see EMV? I spoke with Discover the the other day and was told by mid year they would have chip cards. American Express Platinum also said that they would be moving to all chip and pin as a result of the recent news items. Personally, I hope more move to chip and pin and soon! Just my thoughts.
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whit
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Postby whit » Sun Jan 12, 2014 2:59 pm

When banks can print actual debit cards in branch, that's when you know it's time to up the security features

However, I do hope they make it a chip and pin more then chip and sig..then wait a few years before doing chip and pin

If that makes sense

MemberSince99
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Postby MemberSince99 » Sun Jan 12, 2014 4:22 pm

Um, actually you lost me?

whit
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Postby whit » Sun Jan 12, 2014 4:30 pm

Meaning that chip and sig is imo still not as effective as chip and pin


It took awhile for US to even get chips, even the bits only chip/sig

I would like to see cc issuers skip straight to chip/pin

If they do the emv move

benhollberg
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Postby benhollberg » Sun Jan 12, 2014 4:36 pm

I don't like the idea of chip and pin, I understand it's required internationally sometimes but typing in a PIN every time I buy something seems like a terrible inconvenience. I know it'll protect the issuing bank more from fraud but I'm already protected from fraud so it doesn't help me out.
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websteth
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Postby websteth » Sun Jan 12, 2014 4:50 pm

Chip and PIN cannot come soon enough. It's so much more efficient and way more secure. I'm hoping that American Express actually releases it later this year as I was told.
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whit
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Postby whit » Sun Jan 12, 2014 5:01 pm

@ben, It is but think of it this way would you rather spend an extra minute typing it in or find yourself in a headache of having to do disputes and such? That would surely cost more then a minute (if it's even that) of your time to pin in a purchase.

MB131174
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Postby MB131174 » Sun Jan 12, 2014 5:07 pm

For many of us, it would be much quicker to just enter a 4 digit PIN than to sign a receipt. I would love to see Chip & PIN come to US cards.
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darkguy2
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Postby darkguy2 » Sun Jan 12, 2014 9:08 pm

Didn't they have a problem in the UK with chip & pin? Where if they got your PIN as well then the victim is liable for the charges since it is the person's responsibility to protect their PIN? It also does not make card-not-present transactions like online or phone orders more secure.
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samhradh
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Postby samhradh » Sun Jan 12, 2014 11:42 pm

MB131174 wrote:For many of us, it would be much quicker to just enter a 4 digit PIN than to sign a receipt. I would love to see Chip & PIN come to US cards.


I work at a store. Debit is always super fast and less paperwork for the merchant (we don't have to keep the receipt). Seems more secure to me, too. I don't get to see what my customer's signatures are like.
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