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

Until the debate is settled, we expect to see a variety of technologies released on payment cards. Hence, we expect to see additional cards with contactless RFID or NFC technologies in individuals' pockets, wallets, bags and purses. They will certainly all have to be shielded from unapproved scans.

Drago Dzerve of Verifone has actually published a blog entry that offers great perspective on the EMV chip deployment debate raging in the US payments industry now. Offered the choices and given the prospective prices possibly incurred by merchants as a result of fraudulence, the move is the most rational one.

We understand, the chip does not resolve all the problems. Neither does extensive usage of contactless technologies. But the basic truth is US consumers are a lot more at danger without the chips than they are with them and merchants will certainly be wanting to minimize fraudulence losses.

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We invite you to read the Verifone article here.