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Sen. Dick Durbin (D-Ill.) questioned whether EMV technology is adequately protecting competition and consumers, according to a letter the senator sent to the chairman of industry group EMVCo.

The letter, dated March 17 and addressed to EMVCo Executive Committee Chairman Mike Matan, included a list of 10 questions that asked, among other things, about the influence of foreign card networks, the apparent lack of merchant and small payment network representation on EMVCo leadership teams, competition with smaller networks and whether EMVCo believes chip and PIN authentication should be discontinued in non-U.S. markets.

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Tina Orem


Credit Union Times

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