Brace yourselves: EMV is here
When I think about what's happening in the payments industry this week, a scene from the 2001 biopic about Muhammad Ali comes to mind.
Ali, portrayed by Will Smith, walks into a makeshift training room in Zaire just after George Foreman finishes speaking to the media about the duo's heavyweight championship boxing match billed as the Rumble in the Jungle.
Not thinking anything of it, the challenger Ali makes his way to a pair of bongos in the room, slaps them to a catchy beat, and yells: "The champ is here!" He does this several times as the current champ in Foreman leaves the room.
Well folks, EMV is here in the U.S., and its arrival comes to us with some controversy, which is something Ali stirred up with his words before, during, and after his multiple title runs.
EMV's entrance into the payments and retail markets in the U.S. means...
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