For stores that have not, the chipcards can still be swiped the old-fashioned way.
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MasterCard reported this week that 40 percent of all U.S.-branded consumer credit cards are chipcards.
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That is because the earliest adopters of chipcards are frequent international travelers, according to Schulz.
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There are two loopholes that kept criminals from being hit even harder by the chipcards.
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The new Square device launching today costs $59 and works with contactless payment and chipcards.
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Athletes in the new ad are seen paying for items using chipcards and other Visa products en route to the games.
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The chipcards are all secured with the beneficiary's fingerprint to combat fraud, and the organization is also experimenting with emerging technology like iris scanning.
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Chipcards, particularly those requiring a PIN, are much safer from fraud, says Erik Larson, president of NextAdvisor.com, which compares cards and services.