Smart Card Tech Lagging

About 6 months ago retailers were supposed to have updated their payment terminals as credit card companies shifted to smart cards. The cards come with a chip that is designed to prevent fraud. While that sounds like a great idea, Jill Gonzalez at Wallet Hub says there’s still a huge number of US retailers who have not updated their payment terminals. They can still read the new cards but they don’t provide the security measures used in the smart cards.