@BenBajarin Ben, what sort of fee hike? None are associated with the EMV Oct provision.
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Replying to @BrianRoemmele
@BrianRoemmele if they don't upgrade the systems.1 reply 0 retweets 1 like -
Replying to @BenBajarin
@BenBajarin Ben, I hear ya. They just need to switch processing relationships. There are over 100,000 options for a no strings free device.1 reply 0 retweets 0 likes -
Replying to @BrianRoemmele
@BrianRoemmele for a restaraunt they need some handhelds too though right? To put pin in? Are those free?1 reply 0 retweets 1 like -
Replying to @BenBajarin
@BenBajarin@BrianRoemmele US is not implementing PINs. So, no, they don't need that.1 reply 0 retweets 1 like -
Replying to @maxrogo
@maxrogo@BenBajarin Mark is 100% correct. The payment card devices are ~$150 wholesale and subsidized by nearly 100% of providers.2 replies 0 retweets 0 likes -
Replying to @BrianRoemmele
@BrianRoemmele@maxrogo so no PIN in U.S? Then why the hardware requirement as a part of shift?1 reply 0 retweets 1 like -
Replying to @BenBajarin
@BenBajarin@BrianRoemmele@maxrogo card read via embedded smart card instead of magstripe. more secure. US mandates only chip+signature1 reply 0 retweets 1 like -
Replying to @rajeshj
@rajeshj@BenBajarin@BrianRoemmele Yes, the chips allow for tokenization and encryption in ways the stripe did not.1 reply 0 retweets 2 likes -
Replying to @maxrogo
@maxrogo@rajeshj@BrianRoemmele ok. Interesting. Meeting with Verifone in a few weeks so will deep dive it.2 replies 0 retweets 3 likes
@BenBajarin @maxrogo @rajeshj Ben, as Mark pointed out the true solution is 100% point to point encryption.
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