Last edit by: philemer
Posts from 1/1/16 onward can be found here: http://www.flyertalk.com/forum/credit-card-programs/1739359-2016-onward-usa-emv-cards-availability-q-chip-pin-signature.html
EMV wikipost volunteers: kebosabi
What is EMV?
EMV is a defacto global standard of technology where there is a visible microchip on the front of the card. It looks like this:
Who issues them?
See Google Docs spreadsheet in Post #1
SFOAMS also has created a list of excellent webpage that shows US EMV cards in a more interactive interface
Another site, which lets you narrow the search for an EMV card by various parameters, is http://www.spotterswiki.com/emv/index.php.
Several credit unions issue some form of Chip-and-PIN credit cards or prepaid cards. Prepaid EMV cards however are not recommended due to junk fees. USAA (currently restricted to members of military) used to offer Chip-and-PIN cards, but as late has backtracked to Chip-and-Signature priority.
Hey that's a cool Google Docs list! I know others that aren't on that list. How can I help by adding them to the list?
My bad for not putting this into the wiki sooner. Right now, the Google Docs is locked out of editing and only in "read-only" view because there were instances in the past where people would just delete the rows not thinking that it affects others viewing the list.
If you promise not to delete any rows and input all the pertinent info (annual fee, rewards, FTF, etc.), I can provide you with edit access. Just shoot me a PM to kebosabi with your gmail address and I'll provide you edit access.
Thanks for helping out!
As of October 2014, no USA-based card issuer offers Chip-and-PIN priority cards except for BMO Harris (Diners Club) and UN Federal Credit Union. Other major USA-based banks such as BofA, Chase, Citi, as well as others issue Chip-and-Signature cards which may work at many automated kiosks. However, bear in mind the word may is used above is a context where there is no absolute certainty of success for certain environments such as automated kiosks due to different natures of offline and online transactions. It is highly recommended to read Post #3 which lists real life FTer examples on how Chip-and-Signature worked and did not work at various transaction environments.
Can I upgrade it right now?
If it's listed on that Google Docs spreadsheet or SFOAMS' Silk page, wouldn't hurt to call/twitter them for a free upgrade. If you get the response you don't like, hang up, try again.
What is the difference between Chip-and-Signature and Chip-and-PIN?
You insert the chipped card into the slot. The physical contact terminal will read the EMV chip and the terminal will automatically read the preferred cardholder verification methods (called CVM) for that card.
Chip-and-Signature means that the terminal will printout a receipt for you to sign. This is the most prevalent authentication for most US issued EMV cards. Chip-and-Signature helps in a way that it will get through to face-to-face merchant transactions where you and the merchant do not speak the same language.
Chip-and-PIN means that the terminal will prompt you to input a PIN for authentication. Some credit union issued credit cards will have this CVM as secondary if Chip-and-Signature cannot be done. Chip-and-PIN is the more prevalent method of authentication used outside the US, especially in transaction environments where no human interaction is needed (i.e. automated gas pumps, toll roads, train kiosks, etc.).
The Google Docs spreadsheet will list which CVM are used in the EMV cards listed. Some cards can only do Chip-and-Signature. Other cards can do both Chip-and-Signature and Chip-and-PIN. And others might have a third option called No CVM (no authentication needed) which is reserved for low value transactions.
One chip can hold a lot more data, therefore it is capable of doing multiple verification methods. That's one of the great things about EMV over the mag-stripe which can hold very little data.
I want to know for sure what my EMV chip does. Is there anyway I can test out my own EMV card to see what the CVM list is?
alexmt has written up a nice step-by-step procedure on Post #3615.
If most of the EMV cards in the US is the Chip-and-Signature type, doesn't that mean it's still useless abroad?
Depends if you see it as glass half empty or glass half full. See Post #3 for further details on how Chip-and-Signature has worked both successfully and unsuccessfully depending on the merchant transaction environment and use your best judgment whether which one is right for you.
Are there any places in the US that are accepting transactions via the EMV chip?
tmiw has created a dedicated Google maps webpage to show where EMV has been proven to work here: http://emvacceptedhere.com/ Per his Post #4240, feel free to add any places with active EMV terminals if you come across one.
As of 2014/05, the EMV terminals in most Walmarts and Sam's Clubs are being turned on. Hence, the best place to try them out would be your local Walmart or Sam's Club. For other merchants, it's slowly being phased in.
I hope people will post them in the Post your receipt of your 1st EMV based transaction in the US thread. cvarming has shown us an EMV transaction receipt from Brooklyn, NY in Post #2380. I myself had my first EMV based (Chip-and-Signature) transaction in two stores in the Los Angeles area, as shown in detail in Post #2705 (courtesy of WhatWhatTech for pointing these two stores out)
I don't want a chip in my card. I heard horror stories all over the media saying hackers can steal my credit card info from a mile away.
There are two types of chips. One is contactless and the other is contact. Cards can be either one or the other, or both.
In the Google Docs spreadsheet, the cards that are capable of contactless payments are listed seperately under the "RFID or NFC contactless chip" column. If it says yes, then that means it has the ability to do contactless payments. If it says no, it doesn't have that feature.
The one that the media has overhyped about hackers "stealing your information wirelessly" was the contactless type like this:
You are worried about this happening, right?
You don't have to worry. EMV is a chip standard that can have both contact and contactless interfaces. With the traditional contact interface, this means you actually have to physically insert the chip into a POS terminal for it to be authorized, like this:
With the contact interface, nothing is wireless. No data is sent out in a stand-alone contact type EMV chip. With the EMV contactless interface, data is sent wirelessly.
Furthermore, contactless chip cards are required to show a symbol (looks like Wi-Fi symbol) somewhere on the card that to denote it's capability as a contactless card. For example, here's an example of a Discover Card with contactless capability (in which Discover calls "Discover ZIP") showing the contactless symbol on the back of the card:
Don't believe everything that the media says. Besides, millions of people all over the world from London to Singapore, uses contactless payments daily in extremely crowded subways and mass transit with nary any problems. There are multiple layers of encrypted securities and keys that are needed to break the code.
Frankly, giving your physical card to a waiter/waitress who takes the card out of your view is much more susceptible to fraud than contactless payments.
Why should I care?
If you are an international traveler, you will want this because majority of the world has or in the process of converting to this payment format.
In fact, in 2012, even North Korea moved to the EMV format, leaving the US as one of the countries in the world that hasn't done so.
In addition, VISA, MC, AMEX, and Discover have all agreed to incentivize the USA shifting to EMV payments by 2015 by shifting liability for fraudulent transactions to merchants if they do not have EMV equipment and the cardholder has an EMV card. So if you travel internationally or would like to get one before the others, you might be interested in getting one.
BS! I had no problems using my card in [insert whereever country], [insert whatever point in time]
If you stick to the tourist path where they have lots of visitors from the US, you should have no problems using your mag-stripe only card in hotels and restaurants, at least for now. But as things can change as things go forward.
However, consider that once you start taking the off-beaten path, go to non-touristy places where they are not familiar with mag-stripes, rent a car and use toll roads, fill up gas, or try to buy train tickets you might end up into a trouble of the machine not recognizing your card because it lacks the chip. Furthermore, a lot of toll roads, gas pumps, and automated ticket machines lack any human assistance to help you when you need it the most.
But [insert credit card company] told me all merchants that display their logo must accept them! All I have to do is report them for violating their agreements, right?
There are several factors against this.
1. You can only speak English. The merchant representative, most likely a part-time clerk earning minimum wage, speaks in a different language, let's say French. If you have no French language skills, how are you going to get your point across? Are you going to whip out your cell phone at exorbitant int'l roaming charges and hope the customer service is going to translate it for you on the spot? Or maybe you might actually know French. But how about Swahili, Farsi, Balinese, or the multiple languages in mainland China?
2. Just like US, the rest of the world's businesses uses part-time minimum wage workers as cashiers to cut down on labor costs. Most of their SOP training manuals are written by MBA types to not to do anything they are not familiar with. Do not expect them to understand the intricate details of credit card mumbo jumbo. You don't expect Taco Bell employees to understand the minute details of Discover-JCB-Union Pay agreements, right? Same thing the other way around: be respectful as a guest in their country, prepare in advance in their ways, avoid being an "ugly American" stereotype.
3. You are a guest in their country. You are a minority. If 99.9% of their country's people and other tourists from around the world uses EMV, do you really think they are going to accomodate the 0.1% of American tourists who only have mag-stripes credit cards?
4. Again, you are a guest in their country. How would you, as an American standing in line, react if a Chinese tourist was clogging up the lines at a local Taco Bell because the clerk doesn't understand the Discover-Union Pay agreement and has trouble communicating between Mandarin spoken by the tourist and English spoken by the Taco Bell clerk? Same way the other way around. You do not want to clog up the lines for everyone. The less hassle, the better.
5. VISA and MC make tons of money from merchants in that country. Say SNCF French Rail. It's a billion dollar company in France. Do you think VISA is going to pull the plug of their relationship with SNCF because SNCF refuses to do mag-stripe processing at their unmanned train station kiosk? Of course not. Be realistic.
6. And lastly, if you're up against an unstaffed toll kiosk, gas pump or train ticket machine, are you going to yell curses at the machine?
But I want my credit card to be able to be used in the US too!
No worries. They have not gotten rid of the mag-stripe on the back of the card for backward compatibility reasons, just like we still have embossed numbers on our cards for backwards compatibility to using those old carbon copy imprinters.
[insert own Hyatt card image front and back together with red arrows pointing to all the backward compatibility features]
You use the chip on the front of the card abroad (for now), and the mag-stripe just like any other card for the US. Basically, you're increasing your credit card's acceptance rate by getting a card that both via the chip and the mag-stripe. You're getting a better deal for free.
And when 2015 comes along and US switches to EMV, you'll be way ahead of everyone else too!
So why did the rest of the world and the US moved/moving toward EMV?
Primarily, due to fraud concerns. You see, the mag-stripe has been with us since the 1950s. It may have been the most high tech thing back in the day, but with the technology that is available today, any shmo can pick up a $100 USB magnetic card skimming device off of eBay and get your credit card info.
And unlike skimming off contactless cards which actually need the person to have l33t programming skills, skimming off a magnetic stripe has become so ubiquitous that nary a day goes about skimming fraud going on somewhere in America, from gas pumps, Michael's stores (2011), Target breaches (2013), restaurant waiters/waitresses, to even McDonald's drive thrus.
https://www.google.com/search?q=skimming+fraud
These type of fraud used to be prevalent in Europe. But once they started switching over to EMV starting over 2 decades ago, this type of fraud went elsewhere. It went over to Asia, Canada and Mexico, Latin America, etc. etc. until they too began implementing EMV to combat skimming fraud. The US is practically the only country left that hasn't done so, therefore all the fraud that used to take place elsewhere is now happening here.
But EMV is old and it's not fool proof. Shouldn't we just skip over it and do something new instead?
Yes, EMV is old. It was developed in the 1990s and its smart card payment predecessor was first introduced in France. But as of today, it has become the defacto global standard of payments.
But then, what else is there? There is no other de facto global standard of payments alternative. For example, if we decide to skip over it and do something new, hypothetically like DNA matching technology, it still means US int'l travelers will continue to have problems abroad with useless plastic acceptance because no other country is using this DNA matching technology except the US.
Besides, nothing is fool proof. You can say that the bank vault isn't fool proof because you can crack it open if enough C4 is used. But your average low-life scumbag isn't likely to get military grade C4 easily either. But the bank vault does make it harder to get the bank's money over say a petty cash box. That's the point here. EMV is akin to a security tight bank vault, the old mag-stripe is akin to a petty cash box lying around inside the drawer.
I'm a business owner and I don't think EMV is going to take off. I'm not going to spend extra hundreds of dollars to upgrade my credit card machine. Convince me other wise why I should.
I can understand the added extra cost to your business once this switchover takes place. But before even saying that, look at your existing POS terminal. Does it have a slot somewhere to insert a card?
Most likely, if you had replaced your POS terminal within the past five years, you already have an EMV capable terminal. EMV is basically just not turned on yet from the processor and acquirer side.
If you have an EMV capable terminal, then a best bet would be to contact your acquirer to have the EMV feature turned on. You did your end of the deal already by having an EMV capable terminal, it is now the acquirers' responsibility to turn it on in accordance to the EMV switchover mandate.
And if you don't, you are going to replace your POS terminal anyway from common wear and tear. It isn't a hard switch-over. You can continue to use your POS terminal until it dies out because EMV cardholders will still have the mag-stripe on the back. And by the time your non-EMV capable POS terminal is up for replacement the market will be full with these newer POS terminals that can accept the mag-stripe, EMV, as well as contactless payments.
In addition, you may also want to check with your acquirer or processor about EMV capable terminals. Some of them are willing to replace your terminal for free in preparation for the US EMV switchover. Call and ask for details.
But what's in it for me? I'm the one that has to pay for the upgrade.
All the major card networks have given incentives for merchants for the upcoming EMV switchover.
If 75% or more of your credit card transactions are done on an EMV contact and contactless terminal, they are going to waive your annual PCI-DSS fees, which usually costs you around $5.00-$19.95/month per terminal. The overall long term cost savings of those compliance fees will be larger than the cost of an one time upgrade for the terminal.
The downside is that once EMV switchover happens and if you do not have a POS terminal that is able to accept EMV, the fraud liability shifts over to the merchant.
I own several fast food franchises. If I upgrade my POS terminals at all of my restaurants, it's going to cost me thousands, if not millions. I don't think anyone is going to use a fake credit card to buy $5 burgers. And if they do, wouldn't it be cheaper for me to eat the fraud cost?
Remember also that fraud isn't just committed by dishonest customers using fraudulent cards. Fraud can also happen with dishonest employees skimming off credit card data from the mag-stripe as in the case of a teenage McDonald's drive thru employee skimming off $13,000 of customers' credit cards in Olympia, WA. Consider the public relations fall out that your business may have if this happens (i.e. the big Target breach of 2013, where someone used a mag stripe card to load malware INTO Target's system). Is it worth risking to take such a huge PR disaster?
EMV wikipost volunteers: kebosabi
What is EMV?
EMV is a defacto global standard of technology where there is a visible microchip on the front of the card. It looks like this:
Who issues them?
See Google Docs spreadsheet in Post #1
SFOAMS also has created a list of excellent webpage that shows US EMV cards in a more interactive interface
Another site, which lets you narrow the search for an EMV card by various parameters, is http://www.spotterswiki.com/emv/index.php.
Several credit unions issue some form of Chip-and-PIN credit cards or prepaid cards. Prepaid EMV cards however are not recommended due to junk fees. USAA (currently restricted to members of military) used to offer Chip-and-PIN cards, but as late has backtracked to Chip-and-Signature priority.
Hey that's a cool Google Docs list! I know others that aren't on that list. How can I help by adding them to the list?
My bad for not putting this into the wiki sooner. Right now, the Google Docs is locked out of editing and only in "read-only" view because there were instances in the past where people would just delete the rows not thinking that it affects others viewing the list.
If you promise not to delete any rows and input all the pertinent info (annual fee, rewards, FTF, etc.), I can provide you with edit access. Just shoot me a PM to kebosabi with your gmail address and I'll provide you edit access.
Thanks for helping out!
As of October 2014, no USA-based card issuer offers Chip-and-PIN priority cards except for BMO Harris (Diners Club) and UN Federal Credit Union. Other major USA-based banks such as BofA, Chase, Citi, as well as others issue Chip-and-Signature cards which may work at many automated kiosks. However, bear in mind the word may is used above is a context where there is no absolute certainty of success for certain environments such as automated kiosks due to different natures of offline and online transactions. It is highly recommended to read Post #3 which lists real life FTer examples on how Chip-and-Signature worked and did not work at various transaction environments.
Can I upgrade it right now?
If it's listed on that Google Docs spreadsheet or SFOAMS' Silk page, wouldn't hurt to call/twitter them for a free upgrade. If you get the response you don't like, hang up, try again.
What is the difference between Chip-and-Signature and Chip-and-PIN?
You insert the chipped card into the slot. The physical contact terminal will read the EMV chip and the terminal will automatically read the preferred cardholder verification methods (called CVM) for that card.
Chip-and-Signature means that the terminal will printout a receipt for you to sign. This is the most prevalent authentication for most US issued EMV cards. Chip-and-Signature helps in a way that it will get through to face-to-face merchant transactions where you and the merchant do not speak the same language.
Chip-and-PIN means that the terminal will prompt you to input a PIN for authentication. Some credit union issued credit cards will have this CVM as secondary if Chip-and-Signature cannot be done. Chip-and-PIN is the more prevalent method of authentication used outside the US, especially in transaction environments where no human interaction is needed (i.e. automated gas pumps, toll roads, train kiosks, etc.).
The Google Docs spreadsheet will list which CVM are used in the EMV cards listed. Some cards can only do Chip-and-Signature. Other cards can do both Chip-and-Signature and Chip-and-PIN. And others might have a third option called No CVM (no authentication needed) which is reserved for low value transactions.
One chip can hold a lot more data, therefore it is capable of doing multiple verification methods. That's one of the great things about EMV over the mag-stripe which can hold very little data.
I want to know for sure what my EMV chip does. Is there anyway I can test out my own EMV card to see what the CVM list is?
alexmt has written up a nice step-by-step procedure on Post #3615.
If most of the EMV cards in the US is the Chip-and-Signature type, doesn't that mean it's still useless abroad?
Depends if you see it as glass half empty or glass half full. See Post #3 for further details on how Chip-and-Signature has worked both successfully and unsuccessfully depending on the merchant transaction environment and use your best judgment whether which one is right for you.
Are there any places in the US that are accepting transactions via the EMV chip?
tmiw has created a dedicated Google maps webpage to show where EMV has been proven to work here: http://emvacceptedhere.com/ Per his Post #4240, feel free to add any places with active EMV terminals if you come across one.
As of 2014/05, the EMV terminals in most Walmarts and Sam's Clubs are being turned on. Hence, the best place to try them out would be your local Walmart or Sam's Club. For other merchants, it's slowly being phased in.
I hope people will post them in the Post your receipt of your 1st EMV based transaction in the US thread. cvarming has shown us an EMV transaction receipt from Brooklyn, NY in Post #2380. I myself had my first EMV based (Chip-and-Signature) transaction in two stores in the Los Angeles area, as shown in detail in Post #2705 (courtesy of WhatWhatTech for pointing these two stores out)
I don't want a chip in my card. I heard horror stories all over the media saying hackers can steal my credit card info from a mile away.
There are two types of chips. One is contactless and the other is contact. Cards can be either one or the other, or both.
In the Google Docs spreadsheet, the cards that are capable of contactless payments are listed seperately under the "RFID or NFC contactless chip" column. If it says yes, then that means it has the ability to do contactless payments. If it says no, it doesn't have that feature.
The one that the media has overhyped about hackers "stealing your information wirelessly" was the contactless type like this:
You are worried about this happening, right?
You don't have to worry. EMV is a chip standard that can have both contact and contactless interfaces. With the traditional contact interface, this means you actually have to physically insert the chip into a POS terminal for it to be authorized, like this:
With the contact interface, nothing is wireless. No data is sent out in a stand-alone contact type EMV chip. With the EMV contactless interface, data is sent wirelessly.
Furthermore, contactless chip cards are required to show a symbol (looks like Wi-Fi symbol) somewhere on the card that to denote it's capability as a contactless card. For example, here's an example of a Discover Card with contactless capability (in which Discover calls "Discover ZIP") showing the contactless symbol on the back of the card:
Don't believe everything that the media says. Besides, millions of people all over the world from London to Singapore, uses contactless payments daily in extremely crowded subways and mass transit with nary any problems. There are multiple layers of encrypted securities and keys that are needed to break the code.
Frankly, giving your physical card to a waiter/waitress who takes the card out of your view is much more susceptible to fraud than contactless payments.
Why should I care?
If you are an international traveler, you will want this because majority of the world has or in the process of converting to this payment format.
In fact, in 2012, even North Korea moved to the EMV format, leaving the US as one of the countries in the world that hasn't done so.
In addition, VISA, MC, AMEX, and Discover have all agreed to incentivize the USA shifting to EMV payments by 2015 by shifting liability for fraudulent transactions to merchants if they do not have EMV equipment and the cardholder has an EMV card. So if you travel internationally or would like to get one before the others, you might be interested in getting one.
BS! I had no problems using my card in [insert whereever country], [insert whatever point in time]
If you stick to the tourist path where they have lots of visitors from the US, you should have no problems using your mag-stripe only card in hotels and restaurants, at least for now. But as things can change as things go forward.
However, consider that once you start taking the off-beaten path, go to non-touristy places where they are not familiar with mag-stripes, rent a car and use toll roads, fill up gas, or try to buy train tickets you might end up into a trouble of the machine not recognizing your card because it lacks the chip. Furthermore, a lot of toll roads, gas pumps, and automated ticket machines lack any human assistance to help you when you need it the most.
But [insert credit card company] told me all merchants that display their logo must accept them! All I have to do is report them for violating their agreements, right?
There are several factors against this.
1. You can only speak English. The merchant representative, most likely a part-time clerk earning minimum wage, speaks in a different language, let's say French. If you have no French language skills, how are you going to get your point across? Are you going to whip out your cell phone at exorbitant int'l roaming charges and hope the customer service is going to translate it for you on the spot? Or maybe you might actually know French. But how about Swahili, Farsi, Balinese, or the multiple languages in mainland China?
2. Just like US, the rest of the world's businesses uses part-time minimum wage workers as cashiers to cut down on labor costs. Most of their SOP training manuals are written by MBA types to not to do anything they are not familiar with. Do not expect them to understand the intricate details of credit card mumbo jumbo. You don't expect Taco Bell employees to understand the minute details of Discover-JCB-Union Pay agreements, right? Same thing the other way around: be respectful as a guest in their country, prepare in advance in their ways, avoid being an "ugly American" stereotype.
3. You are a guest in their country. You are a minority. If 99.9% of their country's people and other tourists from around the world uses EMV, do you really think they are going to accomodate the 0.1% of American tourists who only have mag-stripes credit cards?
4. Again, you are a guest in their country. How would you, as an American standing in line, react if a Chinese tourist was clogging up the lines at a local Taco Bell because the clerk doesn't understand the Discover-Union Pay agreement and has trouble communicating between Mandarin spoken by the tourist and English spoken by the Taco Bell clerk? Same way the other way around. You do not want to clog up the lines for everyone. The less hassle, the better.
5. VISA and MC make tons of money from merchants in that country. Say SNCF French Rail. It's a billion dollar company in France. Do you think VISA is going to pull the plug of their relationship with SNCF because SNCF refuses to do mag-stripe processing at their unmanned train station kiosk? Of course not. Be realistic.
6. And lastly, if you're up against an unstaffed toll kiosk, gas pump or train ticket machine, are you going to yell curses at the machine?
But I want my credit card to be able to be used in the US too!
No worries. They have not gotten rid of the mag-stripe on the back of the card for backward compatibility reasons, just like we still have embossed numbers on our cards for backwards compatibility to using those old carbon copy imprinters.
[insert own Hyatt card image front and back together with red arrows pointing to all the backward compatibility features]
You use the chip on the front of the card abroad (for now), and the mag-stripe just like any other card for the US. Basically, you're increasing your credit card's acceptance rate by getting a card that both via the chip and the mag-stripe. You're getting a better deal for free.
And when 2015 comes along and US switches to EMV, you'll be way ahead of everyone else too!
So why did the rest of the world and the US moved/moving toward EMV?
Primarily, due to fraud concerns. You see, the mag-stripe has been with us since the 1950s. It may have been the most high tech thing back in the day, but with the technology that is available today, any shmo can pick up a $100 USB magnetic card skimming device off of eBay and get your credit card info.
And unlike skimming off contactless cards which actually need the person to have l33t programming skills, skimming off a magnetic stripe has become so ubiquitous that nary a day goes about skimming fraud going on somewhere in America, from gas pumps, Michael's stores (2011), Target breaches (2013), restaurant waiters/waitresses, to even McDonald's drive thrus.
https://www.google.com/search?q=skimming+fraud
These type of fraud used to be prevalent in Europe. But once they started switching over to EMV starting over 2 decades ago, this type of fraud went elsewhere. It went over to Asia, Canada and Mexico, Latin America, etc. etc. until they too began implementing EMV to combat skimming fraud. The US is practically the only country left that hasn't done so, therefore all the fraud that used to take place elsewhere is now happening here.
But EMV is old and it's not fool proof. Shouldn't we just skip over it and do something new instead?
Yes, EMV is old. It was developed in the 1990s and its smart card payment predecessor was first introduced in France. But as of today, it has become the defacto global standard of payments.
But then, what else is there? There is no other de facto global standard of payments alternative. For example, if we decide to skip over it and do something new, hypothetically like DNA matching technology, it still means US int'l travelers will continue to have problems abroad with useless plastic acceptance because no other country is using this DNA matching technology except the US.
Besides, nothing is fool proof. You can say that the bank vault isn't fool proof because you can crack it open if enough C4 is used. But your average low-life scumbag isn't likely to get military grade C4 easily either. But the bank vault does make it harder to get the bank's money over say a petty cash box. That's the point here. EMV is akin to a security tight bank vault, the old mag-stripe is akin to a petty cash box lying around inside the drawer.
I'm a business owner and I don't think EMV is going to take off. I'm not going to spend extra hundreds of dollars to upgrade my credit card machine. Convince me other wise why I should.
I can understand the added extra cost to your business once this switchover takes place. But before even saying that, look at your existing POS terminal. Does it have a slot somewhere to insert a card?
Most likely, if you had replaced your POS terminal within the past five years, you already have an EMV capable terminal. EMV is basically just not turned on yet from the processor and acquirer side.
If you have an EMV capable terminal, then a best bet would be to contact your acquirer to have the EMV feature turned on. You did your end of the deal already by having an EMV capable terminal, it is now the acquirers' responsibility to turn it on in accordance to the EMV switchover mandate.
And if you don't, you are going to replace your POS terminal anyway from common wear and tear. It isn't a hard switch-over. You can continue to use your POS terminal until it dies out because EMV cardholders will still have the mag-stripe on the back. And by the time your non-EMV capable POS terminal is up for replacement the market will be full with these newer POS terminals that can accept the mag-stripe, EMV, as well as contactless payments.
In addition, you may also want to check with your acquirer or processor about EMV capable terminals. Some of them are willing to replace your terminal for free in preparation for the US EMV switchover. Call and ask for details.
But what's in it for me? I'm the one that has to pay for the upgrade.
All the major card networks have given incentives for merchants for the upcoming EMV switchover.
If 75% or more of your credit card transactions are done on an EMV contact and contactless terminal, they are going to waive your annual PCI-DSS fees, which usually costs you around $5.00-$19.95/month per terminal. The overall long term cost savings of those compliance fees will be larger than the cost of an one time upgrade for the terminal.
The downside is that once EMV switchover happens and if you do not have a POS terminal that is able to accept EMV, the fraud liability shifts over to the merchant.
I own several fast food franchises. If I upgrade my POS terminals at all of my restaurants, it's going to cost me thousands, if not millions. I don't think anyone is going to use a fake credit card to buy $5 burgers. And if they do, wouldn't it be cheaper for me to eat the fraud cost?
Remember also that fraud isn't just committed by dishonest customers using fraudulent cards. Fraud can also happen with dishonest employees skimming off credit card data from the mag-stripe as in the case of a teenage McDonald's drive thru employee skimming off $13,000 of customers' credit cards in Olympia, WA. Consider the public relations fall out that your business may have if this happens (i.e. the big Target breach of 2013, where someone used a mag stripe card to load malware INTO Target's system). Is it worth risking to take such a huge PR disaster?
USA EMV cards: Availability, Q&A (Chip & PIN -or- Chip & Signature) [2012-2015]
#6721
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Location: HaMerkaz/Exit 145
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Is there a way of complaining to Visa or MasterCard about stores not honoring US-issued cards because they only honor country-specific cards?
I'd rather not speak to the bank, who seems to be clueless
(Referring to places like in France, Germany, Israel, etc. that only honor domestic cards; nothing to do with chip and/or PIN)
That's what I saw as well, and yes, joking 100%
I'd rather not speak to the bank, who seems to be clueless
(Referring to places like in France, Germany, Israel, etc. that only honor domestic cards; nothing to do with chip and/or PIN)
That's what I saw as well, and yes, joking 100%
#6722
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Because of the temporary hold, it really does seem the transaction was online. Perhaps this an indication that at least for this particular station or brand, they have begun the process visa claims is going to happen to make all emv compliant cards usable most (I agree it will never bde 100%) usable?
1. Self-Service Terminals do not process PIN authentication. They include (but are not limited to) automated fuel dispensers (AFDs).
...
4. The maximum transaction amount is $100 or its equivalent.
...
4. The maximum transaction amount is $100 or its equivalent.
#6723
Join Date: Mar 2014
Posts: 162
With no local places to do an online EMV charge on our Arrival+, the wife and I set the PIN, then went to the UK. Once there we each did an online charge, and I can confirm that when using a train kiosk it asked her for the PIN and used the new one we set.
#6724
Join Date: Jul 2007
Posts: 1,762
Is there a way of complaining to Visa or MasterCard about stores not honoring US-issued cards because they only honor country-specific cards?
I'd rather not speak to the bank, who seems to be clueless
(Referring to places like in France, Germany, Israel, etc. that only honor domestic cards; nothing to do with chip and/or PIN)
That's what I saw as well, and yes, joking 100%
I'd rather not speak to the bank, who seems to be clueless
(Referring to places like in France, Germany, Israel, etc. that only honor domestic cards; nothing to do with chip and/or PIN)
That's what I saw as well, and yes, joking 100%
Also there are some places, I suppose it is the local networks they way they are set up like in Denmark where there is a surcharge for use of a credit card and the surcharge for use of a card is higher on foreign issued cards than on Danish cards (except for Diners Club for some strange reason. Of course Diners Club is not currently available to US residents although in theory Discover card should work as a Diners Club outside North America as there is a Diners Club logo on the back. I ran into this at Tivoli Gardens this past June although I had forgotten to bring my discover card with me).
#6725
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But to whom do I address my complaint?
#6727
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FWIW, the Visa Operating Regulations appear to require online PIN be there somewhere. From page 191:
(I guess the Chase, Andrews and SDFCU cards violate regulations? Or are technically "okay" because online PIN is on there, just it's only for unattended cash.)
Also, a bit of good news: a EMV terminal that doesn't have the ability to take PIN (either built-in or as a optional/extra charge feature) is against Visa regulations (pg. 388):
(Take note, Square.)
Why Walmart asks for PIN for small transactions (pg. 468):
Unfortunately it still doesn't really answer how gas pumps in the US will behave. There's a few options:
Cardholder Verification Method List - U.S. Region (Updated)
In the U.S. Region, if a Cardholder Verification Method List is specified, the Issuer of a Chip Card containing a Visa Smart Payment Application must:
• Include "signature"
• Include "Online PIN"
• Include "no Cardholder Verification Method required"
• For a Chip-initiated Manual Cash Disbursement Transaction, define "signature" as a secondary Cardholder Verification Method
In the U.S. Region, if a Cardholder Verification Method List is specified, the Issuer of a Chip Card containing a Visa Smart Payment Application must:
• Include "signature"
• Include "Online PIN"
• Include "no Cardholder Verification Method required"
• For a Chip-initiated Manual Cash Disbursement Transaction, define "signature" as a secondary Cardholder Verification Method
Also, a bit of good news: a EMV terminal that doesn't have the ability to take PIN (either built-in or as a optional/extra charge feature) is against Visa regulations (pg. 388):
Chip-Reading Device PIN Pad Requirements
A Chip-Reading Device must have either a PIN pad or a port capable of supporting a PIN pad. If a PIN pad is present and active, the Chip-Reading Device must:
• Comply with Visa encryption standards
• Act on the Cardholder Verification Method List
A Chip-Reading Device must have either a PIN pad or a port capable of supporting a PIN pad. If a PIN pad is present and active, the Chip-Reading Device must:
• Comply with Visa encryption standards
• Act on the Cardholder Verification Method List
Why Walmart asks for PIN for small transactions (pg. 468):
Visa Easy Payment Service (VEPS) Transaction Cardholder Verification Method
A Merchant is not required to obtain Cardholder Verification for a Visa Easy Payment Service (VEPS) Transaction unless the Transaction is an EMV PIN Transaction.
For an EMV PIN Transaction, the EMV Terminal must prompt the Cardholder for a PIN if PIN verification is required as a result of EMV processing.
A Merchant is not required to obtain Cardholder Verification for a Visa Easy Payment Service (VEPS) Transaction unless the Transaction is an EMV PIN Transaction.
For an EMV PIN Transaction, the EMV Terminal must prompt the Cardholder for a PIN if PIN verification is required as a result of EMV processing.
- Normal CVM processing (signature not a supported CVM): depends on the card, but it may ask for PIN.
- Prefer pre-2017 behavior: may/may not ask for ZIP code for US cards, "no CVM" only supported CVM if the selected application isn't one of the debit AIDs.
- Prefer pre-2017 behavior: same as #2 but assumes signature is equivalent to "no CVM".
#6728
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Also asked Discover over SM about their EMV rollout. They're now saying 2015.
#6729
Join Date: Jul 2014
Location: United Kingdom
Posts: 93
Whether the technology is EMV/PIN/contactless/whatever, don’t forget that there’s still a human element to electronic payments. Even the best designed and maintained technology doesn’t function perfectly 100% of the time. Human beings definitely don’t function perfectly 100% of the time, let alone the way we sometimes want them to.
Sometimes technology isn’t the issue; it’s what the human involved does or doesn’t do with it.
Sometimes technology isn’t the issue; it’s what the human involved does or doesn’t do with it.
1. As reclusive46 indicated upthread, some toll roads in France accept some credit cards but not others. Thus the inconsistency in acceptance lies with the companies that staff the toll booths, not with whether or not one’s credit card has a chip. http://www.flyertalk.com/forum/credi...l#post23420726
2. A British customer in a French supermarket blanked on the PIN to her brand-new chipped credit card. The cashier wouldn’t let her sign for the purchase, and the customer left empty-handed.
http://www.indexcreditcards.com/fina...in-france.html
http://www.indexcreditcards.com/fina...in-france.html
3. A Swiss man who has a French credit card incorrectly entered his PIN three times at a SNCF train station kiosk. After the third attempt, he was locked out and went to the station staffed window to collect his prepaid ticket. But the credit card used for the purchase has to be active to collect a ticket, from either machine or human. The three failed PIN entries at the kiosk had temporarily deactivated his card.
http://www.eurocheapo.com/blog/franc...in-french.html (comment by George Raymond on July 11, 2011)
http://www.eurocheapo.com/blog/franc...in-french.html (comment by George Raymond on July 11, 2011)
4. Just this past July, a visitor to Germany presented his chipped credit card to the front desk at a small hotel. The clerk couldn’t accept it for two reasons: she had only a carbon copy imprint machine; and the numbers on the guest’s card were printed not raised.
http://ficoforums.myfico.com/t5/Cred...3263704/page/2 (comment by Mailak)
http://ficoforums.myfico.com/t5/Cred...3263704/page/2 (comment by Mailak)
This has nothing to do with EMV.
5. A merchant might fib that his credit card machine is down, hoping you’ll pay cash and he’ll save the credit card company fee. Restaurants in Hungary have been known to give the card-machine-down story when business had been slow, and they needed the cash infusion.
http://www.frommers.com/destinations....Asmh8B3z.dpbs
http://www.frommers.com/destinations....Asmh8B3z.dpbs
6. Before visiting London last year, I read in the British press that chip-and-PIN credit cards were pushing criminals toward good old-fashioned strongarm robbery of ATM users. They’d shoulder-surf someone to get the PIN, then snatch the card right out of the user’s hand. When I got there, I saw that Britons don’t form the ATM queue out of shoulder-surf range. At one store I found myself too close to the customer ahead of me in line, and looked away in case he used the credit card terminal.
#6730
Moderator: Travel Safety/Security, Travel Tools, California, Los Angeles; FlyerTalk Evangelist
Join Date: Dec 2009
Location: LAX
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For MasterCard:
#6731
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Wait, I thought a lot of these places already had NFC support? Or is Apple doing something proprietary here?
I'm pretty sure Google Wallet has worked at my local McDonalds locations for a while. Actually, what if McDonalds is rolling out EMV at the same time?
Speaking of NFC, sources at Disney tell us that the entire chain of stores is being equipped this week with new credit card machines that support NFC. It’s unconfirmed if the Disney NFC installations are related to the upcoming iPhone 6 launch, but given that Disney is a close partner with Apple (CEO Bob Iger sits on Apple’s board, for example), it’s possible that this is more than just a coincidence. Similarly, as we reported last week, major fast food chain McDonalds has begun installing NFC-based credit card machines in many franchises, so it’s possible that McDonalds will also be an Apple mobile payments launch partner.
Last edited by tmiw; Sep 7, 2014 at 6:53 pm
#6732
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However, my post was largely satirical. I mean, how high speed a connection do you need for each pump? It's only going to have to do an authorization once every few minutes at most. They already have to authorize somehow, is the data speed they use to authorize now totally unsuited for EMV?
I mean, the slow EMV at Wal-Mart seems to prove that you can do EMV without having a fast connection!
#6733
Join Date: Feb 2010
Location: US
Programs: (PM)AA SPG (Marriott), Hilton
Posts: 1,040
It's so they can run the LCD screen that shouts at you while you're pumping and tries to sell you everything under the sun. Worse if the only models available by 2017 supporting EMV have these screens. Gas station has the choice of pay later (possibly) via non-compliance or lost of customers, or pay up and buy the new equipment.
Technology exists today to at least 1M speeds over unconditioned twisted pair, but it may not be certified in a Gas Pump environment. Someone is probably working on an 802.11 wireless solution for the last mile between the pump and head end that with crypto, will not require digging up the gas station for new wire.
Technology exists today to at least 1M speeds over unconditioned twisted pair, but it may not be certified in a Gas Pump environment. Someone is probably working on an 802.11 wireless solution for the last mile between the pump and head end that with crypto, will not require digging up the gas station for new wire.
#6734
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It's so they can run the LCD screen that shouts at you while you're pumping and tries to sell you everything under the sun. Worse if the only models available by 2017 supporting EMV have these screens. Gas station has the choice of pay later (possibly) via non-compliance or lost of customers, or pay up and buy the new equipment.
Technology exists today to at least 1M speeds over unconditioned twisted pair, but it may not be certified in a Gas Pump environment. Someone is probably working on an 802.11 wireless solution for the last mile between the pump and head end that with crypto, will not require digging up the gas station for new wire.
Technology exists today to at least 1M speeds over unconditioned twisted pair, but it may not be certified in a Gas Pump environment. Someone is probably working on an 802.11 wireless solution for the last mile between the pump and head end that with crypto, will not require digging up the gas station for new wire.
#6735
Join Date: Apr 2014
Location: San Jose, CA
Posts: 103
I'm thinking the transaction ran online if you saw a temporary hold. If that's the case though, I would think it'd have asked for PIN. Perhaps it was one of those that support only offline PIN and not online PIN? Or perhaps the $150 temporary hold is low enough to waive the PIN requirement.