New EMV Standards Not Enough, Retailers Argue

Our credit cards are now secured with computer chips, but the world’s largest retail trade group says consumers are no safer, while businesses are being forced to spend up to $35 billion. Most banks and credit unions are issuing credit cards that require a signature, rather than a PIN, a move that the National Retail Federation says means businesses are spending a fortune on terminals and software that will process "partially protective cards'' that are still vulnerable to data breaches.