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...

Pre-Play Vulnerability Allows Chip-and-PIN Payment Card Cloning

In March this year, we reported that the major card distributor companies, VISA and Mastercard are migrating to EMV chip cards, also known as PIN-and-Chip cards. Unlike traditional magnetic stripe payment cards, EMV chip cards generates a unique code for every transaction, making it nearly...

Flawed EMV Chip-and-PIN Protocol Paves Way To Fraudulent ATM and POS Transactions

A flaw in the EMV protocol which lays out the rules for chip-and-PIN card transactions at ATMs and point-of-sale terminals could enable persistent attackers to carry out bogus card transactions. Five Cambridge UK University researchers released a paper today with the gory details. Foremost among...