Marketplace®
Every story is an economic story

Some new credit cards are more secure than others

Not all new cards with security chips also have PINs.

Come October, stores and restaurants must install new credit card readers that accept secure credit cards with smart chips, or the store will be held responsible for any fraud that occurs. U.S. card issuers are scrambling to send members new chip-enabled cards, but not all of them will work the same way.

Some will require customers to sign a receipt like today. Others will use a more secure PIN code, like at an ATM, but most banks are choosing convenience and familiarity over security.

Click the media player above to hear more.

Related Topics

Latest Episodes

View All Shows
  • Marketplace
    3 hours ago
    25:22
  • Marketplace Morning Report
    11 hours ago
    7:09
  • Million Bazillion
    15 hours ago
    30:57
  • Marketplace Tech
    15 hours ago
    12:45
  • This Is Uncomfortable
    6 days ago
    28:44
  • Make Me Smart
    4 months ago
    24:33