Why the U.S. Must Adopt EMV
In an interview with Ban Info Security, Richard Oliver, a 37-year executive with the Federal Reserve Bank of Atlanta is the first U.S. banking industry executive to publicly declare that a U.S. migration to the EMV payments standard is inevitable. He won’t say if he’s a minority supporter of a U.S. move toward the EMV chip and PIN standard. But this Federal Reserve vice president does say the debate over a United States migration from the magnetic stripe to the more-secure chip & PIN payments technology is “toxic.”
