UPDATE 3-MasterCard, Visa form group to push for better card security

Comments (2)
HPelling wrote:

About time!

Mar 07, 2014 2:42pm EST  --  Report as abuse
corblimey wrote:

It’s not “security” on their minds, it’s “liability”. EMV does not reduce fraud one iota, it simply moves the risk back to the consumer. Before we allow EMV to change our system, we should heed the advice of Ross Anderson (who was on the design team for the bank’s SWIFT network). He’s produced a number of papers describing the vulnerabilities of EMV, and which explain how the “chip and pin” system is a bit of a three-shell game. See http://www.chipandspin.co.uk/ for many of the documents.

Mar 07, 2014 4:40pm EST  --  Report as abuse
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