March 6, 2016Blog Posts

No chips: A slow go for new credit card technology

CNBC

Less than half of American businesses have adopted the credit card chip technology that was all the rage in the fall of 2015. Only 37 percent of businesses are currently able to accept chip-enabled credit and debit cards, according to a survey by The Strawhecker Group. TSG’s sample included 92 payment service providers that service more than 3.9 million merchants, or about 50 percent of the U.S. card-accepting market.

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