As credit cards embrace EMV and money transferring functions such as Apple Pay and Google Wallet rise in popularity, payment security has become more relevant than ever before. While these functions prevent hackers from lifting financial information at the point of sale, it does not necessarily mean we are more secure.
The United States is still behind on EMV production, both with the credit card companies slowly adding EMV chips to cards and merchants hesitating to install EMV card readers until EMV becomes more prominent. There are also the various shifts of security responsibility. Usually, if a card gets hacked, the creditors usually take the brunt end of it, but EMV allows the possibility of the merchant being at fault. This could lead to both pointing fingers at each other. Bottom line, this new technology allows new convenience, but also creates new problems. For a full article about secure payment technology, click here:: 7 Things You Should Know About Secure Payment Technology
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