Tokenization and EMV both offer added security to the payments industry. However, the combination won't be a silver bullet. Here are some challenges that will likely stick around, even after 2015.
On Nov. 1 of next year, merchants that aren't ready to accept chip-based cards instead of the current magnetic-stripe cards will become liable for fraudulent transactions that today are covered by the credit card companies. That means that a lot of retailers will be switching to new, EMV-compliant point-of-sale terminals -- and, while they're upgrading, many will also roll out tokenization and end-to-end encryption as part of the package. This will dramatically increase security in the area of retail payments. But it doesn't mean that the retail industry will instantly become bullet-proof. Here are 12 likely bumps in the road in the journey to credit card security.