Wal-Mart Sues Visa Over Signatures on Chip-Card Transactions
11th May 2016
Wal-Mart is suing Visa for allegedly forcing the retailer to let customers use signatures when paying with their chip-based debit cards.
The retail giant filed a lawsuit in New York court, saying that Visa wouldn’t allow Wal-Mart to just use the “chip-and-PIN” protocol and that it was required to allow customers to sign when using a chip debit card. Wal-Mart is seeking a jury trial, according to the complaint, first reported in the Wall Street Journal.
Foolish me — I thought that was the whole point behind the ‘chip-and-PIN’ business. But apparently not.