Gemalto USA EMV
Gemalto has acquired Rhode Island-based Shoreline and Atlanta, GA-based Source One Direct, two payment card personalization bureaus in the USA. Gemalto notes that the USA market is moving towards an October, 2015 liability shift which mandates EMV chip technology to replace the older magnetic stripe cards. Last year alone there were over 1.6 billion EMV (chip & PIN) cards in use across the globe and many issuers in the USA are now accelerating their own migration in light of the recent security breaches, e.g. Target, that have occurred with major retailers.