Target breach may be U.S. EMV catalyst
Posted by on 5/26/2014 to
EMV Migration
The fallout continues from the 2013 holiday-season data breach at Target Corp. But a relative bright spot from the breach, in which an estimated 100 million card accountholder details were compromised, is that the sluggish transition of the U.S. payments infrastructure from a mag stripe-based to a Europay/MasterCard/Visa (EMV)-based system seems to have picked up steam.