October 2015: Say Goodbye to Credit Card Swipes and Signatures, Hello to PINs
By Fidelity Bank
Posted: August 29, 2014
Small Business Trends – Joshua Sophy (02/11/14)
Starting October 2015, MasterCard and Visa will usher in a major change in the U.S. credit card industry. Credit cards will have microchips in them. Consumers will use PIN numbers instead of signing credit card receipts. And consumers will insert the credit card into or wave it near the card reader, instead of swiping a magnetic strip.
And watch for additional information regarding this change to come from Fidelity Bank.