The ID Preserver Team At CARMick Products Concurs with Verifone Position on EMV Chip Deployment in the USA

Drago Dzerve of Verifone has posted a blog entry that provides good viewpoint on the EMV chip implementation argument taking place in the US payments industry right now. Offered the choices and given the potential expenses possibly incurred by merchants as a result of scams, the move is the most sensible one.

Until the argument is cleared up, we anticipate seeing a selection of technologies implemented on payment cards. Therefore, we anticipate seeing more cards with contactless RFID or NFC technologies in people's pockets, wallets, bags and purses. They will certainly all have to be safeguarded from unapproved scans.

We know, the chip does not resolve all the issues. Neither does widespread usage of contactless technologies. But the simple truth is US customers are a lot more in danger without the chips as complared to with them and merchants will certainly be aiming to reduce scams losses.

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We suggest you read the Verifone article here.