Touting EMV chip and PIN as the global standard. Well, for now anyway. This is tremendous for PAY, as bank pay systems (MC & Visa) are beginning to push more fraud liability to the merchants over time. This will result in many upgrades to thousands merchant hardware systems to rely on EMV chip (with PIN) as opposed to mag strip, which are easily skimmed. The PIN input will ensure that the card is actually in the hand of the buyer. Thanks Mastercard!