Expert Warns of Chip-and-PIN Pitfalls

LAS VEGAS – The inevitable changeover from magnetic strip-based payment cards to EMV, or chip-and-PIN, is coming for consumers and merchants in the United States. And coming along with it are a raft of weaknesses and real-world attacks that shoot holes in the presumption that EMV will remedy cred...

Chip and PIN EMV Protocol security vulnerabilities found

Chip-and-PIN payment cards are coming to the United States after a long head start as a standard card-present payment method in Europe and Asia. Already, retailer Target accelerated its plan to move its branded debit and credit cards to chip-and-PIN, also known as EMV Europay, MasterCard and Visa...