Recent content by bschwarz

The difference is that with Chip and PIN the PIN is tied to the card. In an ATM transaction, the payment network verifies the PIN against the account information stored on the magnetic strip. Chip and PIN authentication can work without being connected to a payment network.

The main part of this article, the claim that the U.S. is moving to Chip and Pin, is incorrect. The U.S. is indeed in the process of deploying EMV payment systems, but that system is based on Chip and Signature and not Chip and Pin as in Europe. To the consumer, the systems are similar but there...