Wednesday, July 1, 2009
Gerard Hartsink, Chairman of the European Payments Council, recently stated that a decision to move completely to chip cards without mag-stripes will be made by 2011. This decision cannot come too quickly. Yet, even with Chip and PIN, there are variations of security. Any recommendation from the European Payments Council must mandate that the most secure solutions available are implemented. For example, upgrading SDA chips (static data authentication) to DDA chips (dynamic data authentication) makes it more difficult for fraudsters to use cloned cards.