Richard Phillimore, executive vice
president, BPC Banking Technologies says:
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“By the end of 2012 EMV migration will be a
reality in the US.
Ring-fenced by EMV, enhanced EFT networks in
Canada and South America, seeing EMV becoming the norm around the
world, facing ever increasing levels of fraud as criminals attack
the weakest link and suffering more service degradation for
travelling card holders – the US banks will have no option but to
finally bite the bullet.
Pretty much every other national EMV migration
has found a collaborative model is the only way to get it done.
The challenge for the US is to find a way to
collaborate on what is a strategic and costly infrastructure
change.”
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