Visa and MasterCard promote plan to accelerate the ...

Visa and MasterCard promote plan to accelerate the …

May 26, 2014

Although it sounds incredible, chip technology has not been adopted in the North American nation.

Visa and MasterCard redoubled their efforts to accelerate the adoption of microchips in debit and credit cards in the United States, following recent data thefts, including the revelation made this week that cybercriminals stole user data from the computer systems of the United States. eBay.

cards-650x450Card processing companies allege that discontinuing magnetic stripes currently in use would eliminate a substantial amount of credit card fraud in the United States.

Microchip cards are already used in Mexico, Canada, and most Western European countries.

via Visa and MasterCard promote plan to adopt chips in the US.

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