Smartcards in the retail sector
Clothing chain Old Navy is part of the majority of US retailers that still do not use chip-and-PIN technology to process payments. Currently, businesses utilise electronic signature capture devices (seen above) to verify payments. Computer Weekly made a purchase of $80 with an unsigned card and that went unnoticed by the cashier. Traditionally, businesses have resisted using the technology due to the costs involved. However, the chip-and-PIN debate in the US has been recently re-ignited by the news that financial services institution United Nations Federal Credit Union will start providing Visa-branded credit cards equipped with the technology to its Platinum members who currently have trouble using their mag stripe cards overseas. Retail giant Wal-Mart has also spoken publicly about the issue at an event, with a company representative saying that "it's time for Chip-and-PIN in the US."