Payments Innovation

Payments Innovation

paymentsinnovation

Know the Facts on EMV
Regulators Sound Off: PIN is not the Answer
Co-sponsorship Letter to Congress


KNOW THE FACTS ON EMV

Claim: EMV will only be effective with PIN authentication.

The Facts:

 

Claim: Merchants have spent between $30 billion and $35 billion on POS equipment for EMV, which is more than banks have to spend.

The Facts:

 

Claim: Merchants can’t get EMV POS equipment certified fast enough to deploy.

The Facts:

 

Claim: Chip-and-PIN cards are already in wide use around the world and have significantly reduced fraud.

The Facts: