The green sheet covers an article on how Canadians are testing merchant account chip technology that enhances data security on credit and debit card-related POS Terminals.
"The pilot program, which will run through October 2008, will render all 90 local area merchants' POS terminals compliant with the Europay International, Master-Card Worldwide and Visa Inc. (EMV) smart-chip-card standard...Despite the benefits of increased security and lower dollar amounts of fraud, the U.S. market has not yet created a business case to move forward with EMV adoption." More on this article here.
Wednesday, May 28, 2008
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