The Bankwatch

Tracking the consumer evolution of financial services

Wall-Mart Executive says Chip & Signature is worthless

Finally the voice of reason from a US retailer.

Wal-Mart Treasury Exec: Chip & Signature is ‘Worthless’

Cook told CNNMoney that migrating to chip-and-signature is barely an improvement over magnetic-stripe cards, and said that Wal-Mart would have supported moving to a chip-and-PIN system. “The fact that we didn’t go to PIN is such a joke,” Cook said.

Written by Colin Henderson

April 6, 2015 at 22:12

Posted in Uncategorized

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