A new article has been posted on the TAM Retail blog by Jim Foster :
The article below, posted on August 17, 2015 on DigitalTransactions.net, discusses the competing interests of merchants, card issuers, and consumers surrounding EMV Chip and Signature and EMV Chip and PIN. The author’s opinion is that EMV Chip and Signature is winning out primarily because it best meets the interests of the card issuer.
It is it important to note that it is the card issuer (not the merchant or consumer) who determines whether the EMV card issued requires a PIN or a signature. The EMV device will prompt the consumer to either sign or enter a PIN based solely based on the rules for that specific card from the card issuer.
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Please click on the link below to view the “EMV Chip and Signature versus Chip and Pin” article.
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