Confused. How can a magnetic stripe be created from the data captured in the card not present environment? The Card Verification Value encoded on the magnetic stripe and other data recorded on the magnetic stripe are not available to a hacker targeting the card not present environment therefore it is not possible to construct a magnetic stripe and use it in a ATM or a POS system.

The environment was designed with available technology and security techniques from the ground up.

EMVCo recently published their Next Generation architecture with thoughts of 2030. My initial scan suggestsnlike all good enhancements it builds on what is and creates a secure way forward.

Sure we could tip it all out andbatartbover. But can we afford such a massive change to eliminate the level of fraud we actually have. If we want to truly address fraud maybe we should look at things like health care fraud, social security fraud.

The banks and merchants do care. They are investing Globally in EMV, they are embracing end to end encryption and the security recommendations PCI has identified. Lock the door, protect the data and make sure your people appreciate they value of the data you are asking them to protect.