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Payments Security Task Force

Chip card transition progresses slowly

Chip card transition progresses slowly

The switch to chip-enabled payment cards is moving forward, but there’s still a ways to go, even as the deadline looms. The inter-industry Payments Security Task Force (PST) said Wednesday that its eight financial institutions reported that 30% of their U.S. consumer credit and debit cards contain EMV chips as of June 30. These issuers