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NRF Demands Pins With Chips

Saturday, March 8, 2014 - 12:07 PM
"The National Retail Federation has deepened its opposition to deploying payment cards with embedded smart chips that do not also require cardholders to use a PIN to validate transactions.  Visa and MasterCard have taken a position that the use of PINs with the chip cards is not necessary because most card processing in the U.S. is online and in real time. PINs, the card brands argued, are really only necessary when card processing takes place after the transaction, or when the transaction takes place offline.  But the NRF argued that chip cards without PINs make little sense. "

NRF Demands PINs with Chips
ShorebreakShorebreak2,686 posts since
Apr 6, 2010
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