The U.S. EMV shift will have some unfortunate consequences on some small biz who can't afford new infrastructure.pic.twitter.com/0XCt8F9VvS
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@maxrogo @BenBajarin Mark is 100% correct. The payment card devices are ~$150 wholesale and subsidized by nearly 100% of providers.
@BrianRoemmele @maxrogo so no PIN in U.S? Then why the hardware requirement as a part of shift?
@BenBajarin @BrianRoemmele @maxrogo card read via embedded smart card instead of magstripe. more secure. US mandates only chip+signature
@BrianRoemmele @maxrogo it's good for NFC but I'm curious how not implement PIN helps security.
@BenBajarin @maxrogo Ben, the move by the U.S. to EMV was a compromise. speed and cost were a factor.
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