MasterCard chip and PIN hits 88 percent in US, but merchant support still slim
New data from MasterCard shows that nearly all its cards in the US have chips to enable PIN-based in-store purchases, but the majority of merchants don’t support them.
New data from MasterCard shows that nearly all its cards in the US have chips to enable PIN-based in-store purchases, but the majority of merchants don’t support them.
Tech firms like Apple still need to convince a lot of people that using their smartphone for contactless payments isn’t a major security risk.
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An open industry alliance of 150 members that includes many of the world's biggest vendors -- but notably, not Apple -- released specifications Tuesday that promise to secure online communications without using passwords.
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Relief is in sight for the beleaguered U.S. Payment Card Industry (PCI). By October 2015, chances are that America will no longer have the dubious distinction of leading the world in credit card fraud.
Taylor Armerding | 23 Sep | Read more
The data breach disclosed by Supervalu is another reminder about why the ongoing migration of the US payment system to smartcard technology can't happen fast enough.
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