EMV transition will still leave security gaps

  Image source: Article

Image source: Article

This October, US merchants and payment providers are scheduled to switch to new, more secure, chip-based payments. But financial transactions aren't going to become safer overnight, since the majority of merchants are still not ready for the switch, magnetic stripes aren't actually going away, some merchants link loyalty programs to payments, and because the new chip technology will do nothing to improve the security of online shopping.

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