A payments industry task force predicts 98% of eight major financial institutions’ cards will have chips by year-end 2017.
Payments Security Task Force says estimates are based on acquirers that represent 80% of U.S. purchase volume.
Sam's Club, Wal-Mart's membership-only retail warehouse operation, will issue proprietary credit cards that will carry an EMV chip for authentication beginning June 23, the company said.
The big box retailer will launch the proprietary credit cards June 23.
Major card brands license each other's technologies to facilitate chip-and-PIN card adoption in U.S.
Card brand joins rival Visa in planning EMV technology adoption for U.S. cards.
SAN ANTONIO - MasterCard Worldwide is still studying whether and how to put into place a two-tier interchange schedule to accord with coming debit cap regulations, according to an executive with the card brand.