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Contactless payments is on the horizon (Image: Shutterstock).

Virtually all of the nation’s major retailers are now able to process EMV chip cards, and chip transactions today make up most of the transaction volume in the United States, according to new data from the U.S. Payments Forum.

The organization, which is a nonprofit that supports the introduction and implementation of emerging payments technologies, said in its latest quarterly snapshot that 99% of the country’s top 200 retailers are now chip-enabled and 60% of overall transaction volumes are chip-on-chip transactions.

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