Chip Card vs. Magnetic Stripe Card: What You Need to Know

Courtesy of Point of | By Mike Monocello

While EMV chip cards are nothing new in other parts of the world, the U.S. has only recently adopted this technology. Since October 2015, the U.S. started undergoing a significant payment technology evolution — upgrading from magnetic stripe (magstripe) cards to EMV (named for the original developers, Europay, MasterCard, Visa). This transition is also known as the EMV Liability Shift.However, unlike other countries around the world that have...

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