![]() ![]() Over the last few years, credit card data breaches at chain stores have exposed thousands of customers to hackers looking to make a quick profit off their victims' information. In an effort to prevent such security violations, merchants have been urged to accept EMV chip cards since the fall of 2015 – or else bear the cost of any ensuing fraudulent activity.Ĭ reports that this initiative has resulted in 855 million chip cards issued to American consumers, representing 85 percent of credit cards and 60 percent of debit cards issued by the end of July 2017. Though the number of businesses accepting chip-based credit and debit cards continues to grow, some businesses, including many small merchants, are still hesitant about adopting this technology. ![]()
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