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American credit cards going to EMV for security.
[Forbes] The 70 million Target credit card breach might be the first time most people ever heard of EMV, if they even noted its mention in the coverage. More secure cards wouldnt have averted the breach but they would have limited the value of the stored data. News stories have drawn attention to the fact that American credit cards lag behind Europe and Canada when it comes to security. (EMV stands for Europay, MasterCard and Visa, which developed the technology specification for payments which has been adopted by the major card providers.)EMV at Wik. Posted by: Besoeker 2014-02-13 |
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