In October 2015, new technology and new rules will enter the American credit card market. This new credit card technology will replace the old magnetic stripe and signature cards, and hopefully make it much more difficult for scammers to access confidential consumer information in the process.
Following data breaches from top-tier retailers such as Target and Nordstrom, the rollout of Chip and PIN credit cards is picking up steam. Here’s a basic rundown of everything you need to know about this technology. [Read more...]