A customer enters their pin number while making a chip and pin payment using a Visa Inc. payment card. (Photographer: Simon Dawson/Bloomberg)
What comes first — convenience or security?The Reserve Bank of India’s soon-to-be-implemented rules on storage of credit and debit card customer data have prompted a familiar debate as retailers argue that the new rules will inconvenience customers, while others say they reduce the risk of a data breach.Come July, single-click and recurring payments that could earlier be done by just entering the card security code (CVV) will need cu...