Visa, which once refused to get on board with implementing chip technology, has fortunately changed its mind. An announcement was made this week that it will finally begin migrating to chip technology in the United States. These cards will also be enabled to make NFC-based mobile payments.
American magnetic stripe cards still work on most of the machines abroad that now read chip cards, but they aren’t foolproof. I hope that in the near future, all of the world will have the same payment standard so that payment while traveling will be seamless.
Earlier this week, I returned from a delayed honeymoon to Seattle, Vancouver and Whistler. I didn’t have any issues with my regular magnetic swipe cards, but I did observe some other interesting things.
Read More »