A few days ago, I stumbled upon an article from Jeremy Gumbley (CreditCall) titled “EMV in the cloud – A Vision For The Future Of Global EMV Adoption“. Jeremy’s point is that by moving to the cloud most of the logic which resides within a point of sales terminal, retailers could save a lot of money. These new “dummy” terminals would require less maintenance, less upgrades, and their manufacturers wouldn’t have to go as often through the certification process. He’s right, but he’s ignoring EMV contactless transactions which are hardly “cloud-compatible”. Continue reading →