Why Incentivizing Non U.S. EMV Merchants could hold the U.S. Back

The EMV (Europay, Mastercard and Visa) the global standard of integrated circuit cards provides Incentives but for merchants outside of the United States. So what is the U.S. doing to promote enhanced cryptographic securities towards dynamic data authentication? According to Eduardo Perez, CFA and head of Visa’s global payment system security, the U.S. is looking into more future technologies such as contactless and mobile payment systems. So the dulling hand involves political stakeholders to determine encryption rights while determine the flexibility. So does this mean we in the U.S. are going to run in a physical dollar less society? Click here to learn more about EMV

http://www.bankinfosecurity.com/articles.php?art_id=3351

http://www.bankinfosecurity.com/podcasts.php?podcastID=933

http://en.wikipedia.org/wiki/EMV