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Chip card reality check: Oct. 1 deadline termed a 'soft incentive'

Matt Hamblen | Sept. 23, 2015
Liability affects merchants, not consumers; full adoption of chip cards in U.S. could take years

About 3.4 billion chip cards are in use in about 80 countries, according to the EMV Connection website. EMV stands for Europay, MasterCard and Visa, the companies that originally developed chip cards, which are sometimes referred to as EMV cards.

 

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