Karen, great information and analysis on EMV. And indeed we need something done now to create a new standard around. This solution is readily available through TSYS and Ondot Systems. It also solves online fraud as well. Banks, consumers and merchants will all readily embrace it. The reason that EMV and NFC are being pushed so hard is because the payment terminal providers need yet another reason to sell more terminals every few years. The industry's ability to mandate merchants to buy their solution or be responsible for fraud is an offer they can't refuse. But then no other offer is being made to merchants. If OnDot or TSYS's card lock and unlock using a mobile phone feature became the PCI mandate it could become ubuiquitous this year or next and save most of the 10 billion estimated for the EMV makeover. Of course the terminal manufacturers and tokenization providers would see sales nosedive. The solutions provided by Ondot and TSYS actually were first my solutions originated first through web in late 1990's, the text in the mid-2000's and mobile by 2009 or 2010 as the iphone took off. My site, MyCreditVault.com was launched at ETA Spring in 2012. I called my service MOnOff as in "Turn your Money On and Off. Read my story about this very subject at Mobile Wallet Media dot com. Here's the story link http://mobilewalletmedia.homestead.com/OnDots_Remote_Control_Card_App_May_Kill_Need_for_EMV_Transform_Security-140506.html