The NRF is madly in love with the safer EMV card technology and has been pushing for its adoption for many years. Oh, but they want someone else to pay for it....
The US can't be blamed for European ineptitude: there are simple things EU banks should be doing to minimize cross-border credit card fraud, but are not doing....
U.S. issuers have preferred taking huge mag-stripe-related fraud losses, because a switch to the more secure EMV card technology would've been even more costly....
By shutting down their systems on weekends, European credit card processors are helping criminals get the best price for the stolen card data they sell....
Credit card fraudsters seem to be making progress in breaking down the new smart-chip technology's defenses in France, Germany, Italy and Europe as a whole....