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Walmart looks to Chip and PIN e-money solutions
22 Dec 2010


US retailer Walmart is planning to introduce Chip and PIN e-money solutions, it has been revealed.

Avisian has reported that the firm is looking to adopt the Europay, MasterCard and VISA (EMV) payment system due to its increased security.

Jamie Henry, director of payment services with Walmart treasury organisations, told the news provider: "We're interested in helping to migrate EMV to the US market.

"We view it as a much more secure transaction, and we want to provide our customers with the most secure transactions in the market place."

Mr Henry added that Walmart is discussing its plans with the stakeholders in the payments industry before making the move to Chip and PIN.

The company's technology team is currently updating its existing payment terminals so they will be compatible with Chip and PIN cards, with the majority of the machines updated next year.

In 2009, there were 944 million EMV cards used worldwide.