DecryptedTech

Wednesday05 October 2022

Displaying items by tag: EMV

There is a report that over the holidays several retailers disabled the EMV (Chip and Pin) functionality of their card readers. The reason for this? They did not want to deal with the extra time it takes for a transaction. With a standard card swipe (mag-swipe) you are ready to put in your pin and pay in about three seconds. With EMV this is extended to roughly 10 seconds. Of course when you add in all of the other items that retailers throw in (are you are rewards member?) your checkout time can be lengthened quite a bit.

Published in News