Credit card system in the United States finally sent a magnetic stripe card "ultimatum", because in the 18 months later, they entered the history stage.Instead, it will be more secure smart chip.However, with the European region by use of "smart chip embedded CARDS" differently.Currently used by the system, still can be in Mongolia, parts of the Middle East, as well as the use of Papua New Guinea.
MasterCard (MasterCard and Visa (Visa), and other companies, has been set for a magnetic stripe card "within the deadline", in October 2015.After that, all credit card will be upgraded to the chip card.Inspector for strategic studies (Javelin Strategy & Research), Nick Holland said that this round of upgrade may require for 3 years.In other words, the agencies should be done every year, a third of the switch card upgrade work.Tenants, of course, the impact is very big also, because they have to change the terminal or upgrade smart chip card reader.
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