The latest figures reveal 67% of U.S.-issued MasterCard-branded consumer credit cards now feature chips.
This represents a 51% increase in the number of consumer credit cards with chips in market since the October 1, 2015 liability shift.
Consumers can use their chip cards in more places, as 1.2 million U.S. merchant locations – an increase of 121% – have turned on their terminals and are accepting chip card payments.
In addition to national retail chains, approximately one million local and regional merchant locations are accepting chip cards.
MasterCard introduced its EMV and future of payments roadmap more than four years ago.
In 2015, the Payments Security Task Force projected that 98 percent of cards issued in the U.S. would feature chip technology by the end of 2017. This would top adoption rates by regions and countries that began implementing chip technology decades ago. Merchant EMV terminals adoption continues on track as projected in other Payment Security Task Force studies.
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