A Look at the Issues Associated with Mag Stripe Cards

In an article titled "U.S. magnetic stripe credit cards on brink of extinction?", Beverly Harzog writes for CreditCards.com about the potential effects of a ban on mag stripe cards being considered by the European Payments Council.

Harzog takes a comprehensive look at the implications of such a move on US card issuers and their cardholders traveling to Europe - as well as exploring whether the US will eventually need to move from mag stripe-based cards to the Chip and PIN technology deployed in Europe and, increasingly, in other markets around the world.