The retail giant wants customers to verify their purchases with a personal identification number when they use a chip-enabled debit card. In the lawsuit, filed in New York state court Tuesday, Wal-Mart said Visa has prohibited it from requiring PINs only, forcing the retailer to allow customers to use a signature in those transactions.
The lawsuit is the latest salvo between the two companies, which have sued each other multiple times over assorted payments issues. It also could stoke the continuing debate about how to balance security and convenience with the new generation of chip-enabled cards.
Shoppers and merchants alike are in a period of transition at the checkout line as they adjust to the new, more secure chip cards that banks are sending to their customers.
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The signature pad at WalMart will accept a smiley face or linee. Chip plus PIN seems more secure
ReplyDeleteI haven't seen where Walmart accepts the chip card at all. Just scan and do the PIN like normal. The process actually take more rather than less time at merchants that want you to use the chip slot.
ReplyDeleteMy cards have been hacked several times as um sure many of people here have too. There is nothing wrong with a pin number as well. How about this.. maybe they should ask for a ID when you use a card. Might sound "inconvenient" to people, but they are the ones who have never been on the receiving end of fraud.
ReplyDeleteNot true 7:10 the Fruitland Walmart. My new card with chip will not swipe. I have to insert the card, but sign I have not had to use my pin yet!! that walmart is the only place that I've run into that I have to insert the card
ReplyDeleteYa'll don't get out much evidently.
ReplyDeleteSignature is human
ReplyDeleteSimple as that