US adding signatured security chip to credit cards

Global Business

US adding signatured security chip to credit cards.00_02_13_05.Still001

A decade after Europe put a security chip on credit cards, the U.S. is now doing the same. It comes in the wake of mass data hacks compromising millions of customers at major retailers.

But unlike the Europeans, American card issuers are only requiring a signature with the chip cards nor a Personal Identification Number (PIN). It has real consequences for small businesses. CCTV’s Jessica Stone reports.

US adding signatured security chip to credit cards

US adding signatured security chip to credit cards

A decade after Europe put a security chip on credit cards, the U.S. is now doing the same. It comes in the wake of mass data hacks compromising millions of customers at major retailers.But unlike the Europeans, American card issuers are only requiring a signature with the chip cards nor a Personal Identification Number (PIN). It has real consequences for small businesses. CCTV's Jessica Stone reports.


Julie Conroy on new credit card rules

CCTV America spoke to Julie Conroy, Research Director for Aite Group’s Retail and Banking Practice.

Julie Conroy on new credit card rules

Julie Conroy on new credit card rules

CCTV America spoke to Julie Conroy, Research Director for Aite Group’s Retail and Banking Practice.