Getting the U.S. off magnetic stripes isn’t easy and could take years
“…Almost a year after the official switch to chip cards, only a third of U.S. merchant locations accept them.

The problem is that the new terminals, with a few exceptions such as Square, aren’t plug-and-play. For merchants, the switchover means not just paying to replace their old stripe-swiping terminals and buying software to use with them, but also getting the terminal/software combination certified as functional with individual payment processors—a procedure that can take months.”

Click here to continue to the full article.