It may seem odd for a vendor of payment acceptance hardware to discredit EMV security, which is commonly seen as a catalyst for hardware sales, but that's exactly what MagTek is doing.

The Seal Beach, Calif.-based company, which has long studied ways to improve the security of magstripe cards without replacing them outright, is getting a clear signal from its clients: EMV hasn't changed the way they do business, and in many ways it is making things harder by adding friction to their checkout process.

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