Senator Durbin Questions Whether Credit / Debit Card Chip Technology Rollout is Adequately Protecting Competition & Consumers

WASHINGTON, D.C.– (ENEWSPF)--March 17, 2016.  U.S. Senator Dick Durbin (D-IL) today questioned the Chairman of EMVCo – an organization that controls the specifications governing credit and debit card chip technology – seeking information on whether the deployment of this technology in the United States is adequately preserving competition and protecting consumers.

“Magnetic stripe debit and credit cards have long been a key vulnerability that has put consumers’ sensitive financial information at risk,” said Durbin.  “Chip technology is designed to be safer and more secure for customers, but there are significant questions about whether the deployment of this technology . . .

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