“I think The U.S. has actually learned lots from the European experience. The fact that you are entering into an EMV solution without PIN is pretty much in line with what we’ve been saying all along. All the way back in 2007 we were saying in the European market is that the holy grail of EMV is the chip primarily and not the PIN. So I think that’s a very good lesson learned and the fact that you’re going to market with that is a good first step.”