"Chip-cards will make your financial data safer " will be landed on in U.S.
The new credit card or visa card will be sent this year 2015 in US, it most likely will come with a small, shiny chip on the front.The reason for this is , cyber crime , stealing data from the consumers and also the hackers frustrated credit cards consumers.Furthermore, according to Master card Customer Survey about 77% fear their financial information will be stolen , also the internet fraudulent.Also, US consumers have to cut off the old cards , activate new cards and also change all the information where you set up auto pay.So at last US consumers getting "Chip and Pin" credit cards where all the other countries used for years. Also, when the US consumers go to holiday in Europe, they try to use the old without chip and pin card , they get funny look from merchants and sometimes they even get turned away.
So why for US consumers took so long to get "Chip and Pin" cards? According to Fortune(2015) , other markets had more significant fraud faster and they did not have the telecom infrastructure that US have.As a result, in other countries most of the times , transactions were being decisioned without the real time communication US network could do so well.Therefore, the rest of the world went to chip and fraudster came to US. Because of Internet Fraudulent US consumer forcefully have to use "Chip and Pin" cards. In order to make it easier, in US market , as they update to get ready for chip , they are going to end up with contact less NFC alongside contact.
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