Preparing for Chip-and-PIN in the United States
New York Times | December 12, 2014
LONDON — On a recent morning, eager shoppers swarmed around Covent Garden, a 350-year-old former open-air vegetable market in central London whose glass-fronted stores now include popular American companies like Apple and Shake Shack.
But when consumers here pulled out a credit card to make a purchase, they got an extra layer of security compared with most shoppers in the United States. A chip embedded into all credit and debit cards in Europe — a technology known as E.M.V. — has cut many forms of card fraud by more than 65 percent in the last decade. Read More>