State Senate misses voting deadline on bill to set deadlines for adoption of microchip-based credit and debit cards
By Jaikumar Vijayan June 3, 2014The California State Senate has killed a bill that would have required California retailers to implement the Europay MasterCard Visa (EMV) smartcard standard that's seen as far safer than magnetic stripe technology used today.The legislation (S.B. 1351), introduced by State Senator Jerry Hill (D-Calif.), would have given retailers until April 1, 2016 to put in place payment systems capable of supporting EMV debit and credit card transactions. Gas station owners would have had until October 2017 to install similar systems on gas dispensing pumps.
The California Senate Banking and Financial Institutions Committee last week voted 5-2 to pass the bill to the full senate for consideration. However, the full Senate missed the voting deadline of May 30, ending its chances of passage until a new legislative session begins, said a spokesman for Hill.
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I am surpised by this, to me it is a no brainer. It works over and is a lot more secure than just those magnetic strips, they should have got a move on.
