Around the Net
Visa, MasterCard To End Swipe-And-Sign
- Consumerist, Monday, February 10, 2014 8:02 AM
Major credit card companies are going European with plans to go with a chip-and-PIN system instead of the traditional swipe-and-sign method. Both MasterCard and Visa have outlined a planned shift to the new EMV system next year. Under the system consumers will use a smartcard embedded with microchip and provide their PIN to complete a transaction.
