Will Recent Data Breaches Force Move to Chip Cards

Monday, 03 February 2014 | by Pat's Picks

The recent massive credit card data breaches have led to a renewed fight over how quickly to implement chip cards in the United States, and who should cover the cost. USA Today says banks are balking at the cost of moving to European-style cards with microchips that generate a one-time security code for each transaction. Visa and MasterCard say retailers who haven’t converted to a chip system by 2015 would be responsible for fraud charges if their systems are hacked.

SOURCE: USA Today