Last week, Senator Dick Durbin (D-Ill.) sent a stern letter to EMVCo—an organization equally owned by six global payment networks that is responsible for providing standards for chip-based credit and debit cards in the US. Durbin took issue with EMVCo’s handling of the chip card rollout, accusing the standards organization of stalling retailers’ efforts to get certified and putting off a requirement for PIN authorization in order to line card networks’ pockets.
Durbin also sent a letter to the Federal Trade Commission (FTC), asking it to “examine how flaws and delays in the certification process can be addressed.”
