U.S. banks & credit unions starting toward microchip credit cards |

By Sarah Kleiner Varble
The Virginian-Pilot
© April 6, 2014

Credit Cards 3Curtis Baker didn’t think buying apple juice in London would be so complicated.

With a line of shoppers growing impatient behind him, the father of three and senior vice president of lending at Newport News-based Langley Federal Credit Union felt like an hour had passed before the store’s manager responded to the clerk’s page.

He was looking for a fraud-preventing microchip embedded in Baker’s card. But like all standard-issue American cards, it didn’t have one. Most of the rest of the world had already adopted microchip technology in its credit cards by the time Baker traveled to Europe two years ago. Magnetic stripes, like the one on the back of his card, were becoming less recognizable.

Within the next several years --- READ MORE  U.S. banks starting toward microchip credit cards | HamptonRoads.com | PilotOnline.com

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