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The U.S. is already lagging other countries in its conversion to a secure chip-card format. And if Canada is any example, the U.S. may continue to lag despite the aggressive deadlines set by the card networks.
March 8 -
MasterCard does not explicitly require the use of a PIN with chip cards in the U.S., but its sliding scale of liability leaves little other choice.
February 2 -
Visa Inc. plans to accelerate the U.S. migration to EMV contact and contactless chip technology, the card brand announced Aug. 9.
August 9
Discover Financial Services is the latest card network to announce a conversion plan for the secure EMV chip-card standard in the U.S.
Its plan, which also affects
Last year,
Discover said it will support online and offline authentication. It will support PIN transactions as well as signature ones. It will support contact payments and contactless ones, such as from a mobile phone built with an embedded chip.
Discover, of Riverwoods, Ill., says it accepted its first U.S. EMV payment in January at a Wal-Mart location. In other countries, Discover has supported the EMV standard for three years.
"Enabling EMV in North America is a significant step in Discover's approach toward emerging payments, and clearly a necessary one," said Troy Bernard, Discover's global head of chip payment technology, said in a press release.
