A longer term view of security and the payments landscape is needed.

The United States is finally modernizing its card payment systems and confronting fraud with rules regarding use of the global EMV chip card standard starting on October 1, 2015. Unfortunately, there’s a lot more to be done before we can say the U.S. payment system is up to speed with the rest of the world on chip card security. And given the focus on “chip” by itself,
it will be a long time before overall fraud losses are reduced and consumer fears about data compromise addressed. Decisions and investments made today
should take a longer term view of security and
the payments landscape.