Although chip-and-PIN cards are an improvement to magnetic strip cards when it comes to exposure to fraud, your information isn’t 100 percent secure. Chip cards can still be skimmed — or ...

Forget magnetic strips. You can now pay for your groceries with a wave of your hand. Over the past few months, major issuers such as Chase and American Express have been introducing new ...

Those smartcards made up 90.7 percent of the total EMV cards in use and composed 99.7 percent of all transactions in Europe during the same period, compared with 93.2 percent and 99.4 percent ...

Cards equipped with chips will become the new standard. The chip is more secure compared to a magnetic stripe because it creates a unique transaction code, which is verified by the bank.

Based on the decline in payments powered by magnetic stripes after chip-based payments took hold, newly issued Mastercard credit and debit cards will not be required to have a stripe starting in ...

Mastercard said that from 2024, Mastercard credit and debit cards will not be required to have a strip “in most markets” and will be completely phased out by 2033.

Magnetic-strip cards are phasing out; computer-chip cards are more secure. Credit-card customers in Europe have used cards with with a computer chip for more than a decade.

Cards equipped with chips will become the new standard. The chip is more secure compared to a magnetic stripe because it creates a unique transaction code, which is verified by the bank.

Although chip-and-PIN cards are an improvement to magnetic strip cards when it comes to exposure to fraud, your information isn’t 100 percent secure. Chip cards can still be skimmed — or ...