I recently made a purchase with my new chip debit card at a store in town. While waiting for the transaction to be completed, I made light conversation with the cashier. “So, how are your customers reacting to the switch to EMV?,” I asked. “They hate it,” he responded succinctly. Apparently they are not alone.
A disturbing 61 percent of merchants in a recent survey were found to have unencrypted credit card data stored on their networks — specifically, the unencrypted 16-digit sequence on the front of credit cards, also known as the Primary Account Number (PAN).