Thursday, June 05, 2014
Sam's Club offers MasterCard with new EMV chip technology; should be commonplace by Oct 2015
Sam’s Club (associated with Wal-Mart) will become the first major retailer in the US to offer a credit card (in this case, a MasterCard) with EMV computer chip technology, making it harder for identity thieves to duplicate. The story was in the media Tuesday and was reported in the Wall Street Journal June 4 by Michael Calia, here.
MasterCard and Visa have set an informal deadline of October 2015 for most major retailers to offer this technology with new or replacement credit cards. The technology is most critical with debit cards.