Some new credit cards are more secure than others
Come October, stores and restaurants must install new credit card readers that accept secure credit cards with smart chips, or the store will be held responsible for any fraud that occurs. U.S. card issuers are scrambling to send members new chip-enabled cards, but not all of them will work the same way.
Some will require customers to sign a receipt like today. Others will use a more secure PIN code, like at an ATM, but most banks are choosing convenience and familiarity over security.
Click the media player above to hear more.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.