EuroPay, Mastercard, and VISA (EMV) Credit Cards Force Needed Security Upgrade with "Liability Shift"
The way that you pay with your credit card will start to change starting October of 2015. EuroPay, Mastercard, and VISA (EMV) are pushing a new standard in the United States, one that has already been adopted outside of the states for some time. Swipe-and-sign transactions, which rely on a magnetic strip, will be replaced by a microchip. The microchip is superior to the magnetic strip because the magnetic stripe contains unchanging information that can be used to execute additional transactions; in contrast, if the microchip's transaction information were "swiped," the data is not viable....
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