Friday June 17, 2016

Home Depot Sues Visa, MasterCard As PIN Battle Looms

You know, these guys are eventually going to have to work together. I'm not sure suing each other is the best way to make a relationship work. wink

Among a bevy of grievances, the do-it-yourself retailer posits that Visa and MasterCard sought to block the adoption of chip-and-PIN on credit card transactions following the migration to EMV payment security standards last October. Additionally, the retailer argues that chip-and-signature is simply less secure than its chip-and-PIN counterpart.