Chip & PIN Needs PCI
Tracy Kitten at Bank Info Security reports technology and payments players are debating the topic of EMV, and how it might affect the U.S. payments industry. That debate has pushed the PCI Security Standards Council to issue new guidance about a possible chip and PIN shift. During the PCI Security Standards Council’s North American Community Meeting in Orlando, Fla., the council discussed a number of emerging technologies, including EMV — the payments card standard that has become the norm throughout most of Europe. U.S. merchants and financial institutions may soon follow suit, as security vulnerabilities related to the magnetic stripe increasingly expose cardholders to skimming attacks.
