Wal-Mart:: "It's Time For Chip-And-PIN In The U.S."

Evan Schuman reports for Storefront Backtalk:



"With major card brands and the banks strongly opposed to Chip-and-PIN efforts in the United States, there's only one way it's going to happen—and that happened Wednesday (May 19): Wal-Mart publicly forced the issue. When the world's largest retailer insists on a path, even Visa has to listen. And Wal-Mart is now insisting on a domestic Chip-and-PIN (EMV) program."

"As far as we are concerned, signature is a waste of time. It has to be PIN or nothing," Jamie Henry, Wal-Mart's director of payment services, told attendees of a panel discussion held Wednesday at a Smart Card Alliance event in Scottsdale, Ariz.

Read more at Evan Schuman's Storefront Backtalk