Sam's Club to make move to chip-embedded credit cards

Sam's Club (WMT) plans to introduce a new credit card which will feature an embedded chip for security instead of a magnetic strip.

The chip technology, known as EMV, is considered a more secure form of payment processing and is used broadly in Europe and Asia.

Sam's will be the first large retail store chain in the U.S. to make the EMV move.

The credit card will be co-branded between Sam's and MasterCard (MA).

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Comments (2)
  • kahokfan99
    , contributor
    Comments (347) | Send Message
    I've read that Target was already in the process of switching to chip technology. Is Wally World really the first U S company or is this just Walton PR
    4 Jun 2014, 09:13 AM Reply Like
  • Xinkali
    , contributor
    Comments (10) | Send Message
    Target I think is starting next year. Apparently Sam's beat them by a little
    4 Jun 2014, 10:02 AM Reply Like
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