Whether on a card or a handset, payments will be more secure
Like two trains speeding toward one another in the dead of night, EMV and near field communication seem poised for a collision in the U.S.
Rapid fire NFC announcements occur daily and reports that two major U.S. banks will begin issuing EMV cards to frequent overseas travelers suggest it is only a matter of time before the two technologies meet.
But will it be a collision or a meld? Most likely any type of NFC payment transaction will be as secure, if not more so, than a traditional EMV transaction. “EMV works better on a phone than it does in a card,” said Dave Birch, director at UK-based Consult Hyperion at the Smart Card Alliance Annual Conference held in May.