Chips with everything

I've just re-read Mansour-Aaron Karimzadeh's LinkedIn post entitled 'No Chip' from the 15th Feb 2016 which highlights a worrying trend.

Now, I am a British person and as well as liking chips with everything (fish and chips, egg and chips, chips and chips), I am also a great believer and No chipsupporter of IC card technology and have been in and around the industry since the early 90s. I've seen chip cards develop from expensive, low memory basic functionality tokens through the introduction of EMV to today's contactless chip cards with all of their inbuilt security features and multi-application capability. It has been a fascinating journey.  I particularly like the fact that in most places I travel to, my credit card transactions are protected by the EMV standard. So much so, in fact, that if I see a POS terminal that doesn't allow chip transactions, I become rather suspicious - and I become decidedly anxious when my card gets taken away 'to be processed' in restaurants etc.

Payment technology has developed at a fast pace, and so have the security standards to protect the cardholder, but it is a sad fact of life that just as fast as your technology and security develops, someone is working out how to break your security and steal what they believe will be your valuable card data. Regardless of the fact that they may not get that information, the inconvenience to the bank, the PSP, the retailer and vitally the cardholder can be costly in time, financially and to your reputation.

That is why it is vitally important to make sure all POS terminals are physically secured to prevent theft, tamper and intrusion. To learn more about ways to secure your POS terminals, why not contact me on LinkedIn or drop me an This email address is being protected from spambots. You need JavaScript enabled to view it.?

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