It’s bad enough when the FBI announces to the world that you’re not secure enough. It’s even worse when it then reluctantly takes it back — that second bout of publicity will be even bigger than the first, after all. Such is the current plight for EMV, the payment card security upgrade that is years out of date. It’s also managed to accomplish the impossible: uniting retailers in almost unanimous opposition.

Let’s start with this FBI kerfuffle and the germane background. Fact: EMV cards are more secure than magstripe cards. Fact: Not by much. Fact: It’s really only true in preventing clones, which admittedly was the single-largest payment card fraud issue in the U.S., so attacking that aspect of fraud is a good thing.

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