News

10:47 AM
Connect Directly
Facebook
Twitter
Google+
RSS
E-Mail
50%
50%

Sam’s Club Becomes First Major Retailer to Adopt EMV Cards

Sam’s Club co-branded MasterCard credit cards will now include EMV-chip technology for improved security.

With payments security a hot topic in the aftermath of the retailer data breaches last year, Sam’s Club announced this week that it would be the first major retailer to offer co-branded EMV-chip cards for improved security.

The new cards will be co-branded with MasterCard and issued by GE Capital Retail Bank.

“MasterCard has taken a strong stance on the need for the U.S. market to make the transition to chip-enabled credit cards for the benefit of cardholders and merchants alike,” Chris McWilton, MasterCard’s president of North America, said in a statement announcing the move.

EMV-chip technology gained a great deal of attention after data breaches aimed at major retailers like Target and Neiman Marcus resulted in the loss of tens of millions of customers’ card credentials last year. Retailers initially blamed the loss of those credentials on the slow adoption of EMV technology in the U.S. market, and many players in the payments system called for faster adoption of the technology.

[For More on EMV and the Aftermath of Last Year’s Breaches: Banks and Retailers Face Off Over Target Breach and EMV Adoption]

Although EMV technology wouldn’t have stopped the malware that caused those data breaches, but it would have made it difficult for criminals to use the stolen credentials. EMV would cost billions to implement in both replacing current customers cards and point of sale systems that are not EMV compatible. Who shoulders that cost is still an issue that needs to be worked out. But after the damage Target experienced after its data breach, major retailers are probably more interested in adopting EMV now, regardless of the cost, to avoid a similar incident.

Jonathan Camhi has been an associate editor with Bank Systems & Technology since 2012. He previously worked as a freelance journalist in New York City covering politics, health and immigration, and has a master's degree from the City University of New York's Graduate School ... View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: This is a secure windows pc.
Current Issue
Security Operations and IT Operations: Finding the Path to Collaboration
A wide gulf has emerged between SOC and NOC teams that's keeping both of them from assuring the confidentiality, integrity, and availability of IT systems. Here's how experts think it should be bridged.
Flash Poll
New Best Practices for Secure App Development
New Best Practices for Secure App Development
The transition from DevOps to SecDevOps is combining with the move toward cloud computing to create new challenges - and new opportunities - for the information security team. Download this report, to learn about the new best practices for secure application development.
Slideshows
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2017-0290
Published: 2017-05-09
NScript in mpengine in Microsoft Malware Protection Engine with Engine Version before 1.1.13704.0, as used in Windows Defender and other products, allows remote attackers to execute arbitrary code or cause a denial of service (type confusion and application crash) via crafted JavaScript code within ...

CVE-2016-10369
Published: 2017-05-08
unixsocket.c in lxterminal through 0.3.0 insecurely uses /tmp for a socket file, allowing a local user to cause a denial of service (preventing terminal launch), or possibly have other impact (bypassing terminal access control).

CVE-2016-8202
Published: 2017-05-08
A privilege escalation vulnerability in Brocade Fibre Channel SAN products running Brocade Fabric OS (FOS) releases earlier than v7.4.1d and v8.0.1b could allow an authenticated attacker to elevate the privileges of user accounts accessing the system via command line interface. With affected version...

CVE-2016-8209
Published: 2017-05-08
Improper checks for unusual or exceptional conditions in Brocade NetIron 05.8.00 and later releases up to and including 06.1.00, when the Management Module is continuously scanned on port 22, may allow attackers to cause a denial of service (crash and reload) of the management module.

CVE-2017-0890
Published: 2017-05-08
Nextcloud Server before 11.0.3 is vulnerable to an inadequate escaping leading to a XSS vulnerability in the search module. To be exploitable a user has to write or paste malicious content into the search dialogue.

Dark Reading Radio
Archived Dark Reading Radio
In past years, security researchers have discovered ways to hack cars, medical devices, automated teller machines, and many other targets. Dark Reading Executive Editor Kelly Jackson Higgins hosts researcher Samy Kamkar and Levi Gundert, vice president of threat intelligence at Recorded Future, to discuss some of 2016's most unusual and creative hacks by white hats, and what these new vulnerabilities might mean for the coming year.