A Push Begins for Chip and PIN in the US

In an article titled "Could this chip have prevented the TJX breach?", Ross Kerber reports for the Boston Globe on an interview with TJX vice chairman Donald G. Campbell who is "urging banks and other retailers to embrace a multibillion-dollar technology that uses a tiny computer chip to stop criminals from using stolen debit and credit cards." He's also proposing that retailers, banks and the card companies share the costs of upgrading the US to a Chip and PIN card payments infrastructure. On his StorefrontBacktalk blog, Evan Schuman writes: "There's little question that both moves [Chip and PIN plus encrypted card data transmission] would improve security, but the cost and change required will also make them almost impossible to deploy."