MAG Insights

Announcements from the MAG & Featured Articles

Mark Horwedel, MAG CEO, Article in The American Banker "Five EMV Myths the Card Industry Wants You to Believe"

Jun 03, 2016

A recent American Banker opinion piece was misleading in some parts and completely untrue in others about some of the issues related to authenticating new EMV cards.

The post by the Electronic Payments Coalition seemed aimed at making readers believe that Visa — currently embroiled in a legal battle with Walmart over whether PIN authentication should be mandated — is focused on developing the strongest EMV authentication policies possible. But in supporting Visa's insistence on having the anachronistic verification technology of signatures as an option, the coalition asserted a number of industry-spread myths in trying to argue that a PIN mandate isn't necessary. I dispel each of them below.

Read the full article: