We are currently in the middle of a massive technological shift - one that might be going unnoticed by most consumers. The debit and credit cards most individuals carry around in their wallets are being upgraded to a higher global standard known as EMV.
Take the time to find out when you can receive a debit and/or credit card with chip-and-pin technology from your financial institution. While it likely will get worse before it gets better, merchants and financial institutions are taking baby steps toward a more secure payment future.
There's a movement happening in the payments world. With so many retailer data breaches in the past year, consumers, financial institutions, retailers and security professionals are wondering, plain and simple: how can we make shopping more secure?
In the aftermath of a security breach at Target that compromised more than 40 million credit and debit cards and an attack on Neiman Marcus that affected 1.1 million cards, banks, credit card providers and merchants have renewed efforts to protect payment information.