Friday, October 5, 2012

Chip and Pin Credit Cards

I wrote about chip and pin cards about a year and a half ago. Finally, years after counterparts in most of the world, some U.S. banks are finally issuing credit cards that have, in addition to the usual magnetic strip, the chip and pin technology.

Bank of America is leading the way. All of its new Travel Rewards, Privileges, Virgin Atlantic and Merrill Lynch credit cards will have the chip and pin. Upon request, B of A will replace several other cards with the technology including affinity cards from Royal Caribbean and Norwegian Cruise Lines.

Chase is making the technology available right now only to their Palladium cardholders.

And Wells Fargo has invited 15,000 customers to they have identified as frequent international travelers to take part in a test program.

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