The US migration to EMV is gaining momentum

Fri 15 Aug 2014

More than 575 million of American payment cards will be equipped with the EMV chip by the end of next year, according to the trade organization that was formed to accelerate the migration from magnetic stripe cards. Visa and MasterCard set out a plan for implementing smart cards back in 2011, primarily shifting the responsibility for losses from fraud to merchants who wont update their equipment until October 2015.