Newspaper article St Louis Post-Dispatch (MO)

Home Depot: US Credit Card Firms Slow to Upgrade Security

Newspaper article St Louis Post-Dispatch (MO)

Home Depot: US Credit Card Firms Slow to Upgrade Security

Article excerpt

ATLANTA * Visa and MasterCard are using security measures prone to fraud, putting retailers and customers at risk of thievery, Home Depot Inc. says in a new federal lawsuit.

It's the latest large retailer to raise the security concerns, with a lawsuit filed this week in U.S. District Court in Atlanta. Last month, Arkansas-based Wal-Mart Stores Inc. sued Visa Inc. over similar issues.

Atlanta-based Home Depot says new payment cards with "chip" technology remain less secure in the U.S. than cards used in Europe and elsewhere in the world.

Even with chips, U.S. cards still rely on customers' hand- written signatures for verification, rather than more secure Personal Identification Numbers, or PINs, Home Depot maintains.

A MasterCard spokesman said the chips boost security. MasterCard received the court filing Tuesday and is still reviewing it, company spokesman Seth Eisen said Wednesday. …

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