credit card chip system

Easing Smart Chip Hassles

Though US consumers only hold 24 percent of the world’s credit cards, they are the most frequent targets of stolen data. In fact, a 2015 reports notes that 47 percent of global credit card fraud happens in the US. Major incidents involving stolen data from retail and restaurant chains made international headlines and caused those companies massive financial losses. One of the primary reasons that US cardholders have historically been easy targets is the country’s long delay in adopting smart chip credit card systems.