May 26, 2016Blog Posts

MasterCard calls for industry collaboration to speed EMV chip processing

Finextra

Americans are increasingly using EMV chip cards to make purchases as 68 percent of all U.S.-issued MasterCard-branded consumer credit cards feature the technology as of April 30, 2016. Chip-active merchant locations also increased to 1.4 million during this same time; including more than 1 million – or almost 25 percent of all – local and regional merchants.mastercard EMV. “Our transition to EMV has been very smooth, the team learned the new system easily and our customers have taken to it seamlessly. EMV has meant business as usual for us,” said Brittany Nassar, business manager of Sugarloaf EyeCare, an optometry center and upscale eyewear retailer in Duluth, GA.

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