PRINCETON JUNCTION, N.J.—With an October 2015 deadline in the U.S. to comply with the new EMV standards for plastic cards, as many as 600 million new EMV chip cards are expected to be issued.
The EMV Migration Forum has released a new infographic, “EMV Chip Cards: The Future of Payments,” that explains the changes that are coming in payment technologies.
“2015 is set to be a milestone year as the U.S. accelerates its move to chip payments. As such, now is the time to start ramping up efforts to educate retailers, issuers, consumers and the media on chip technology, its security benefits and the changes to the payment process,” said Randy Vanderhoof, director of the EMV Migration Forum. “The Forum developed this resource to be a high-level, easy-to-read visual guide to the must-know facts about chip technology and the U.S. migration. We think this will be a particularly useful aid for payment stakeholders in building their own educational materials on chip payments.”
The infographic can be seen below.