RFID or NFC will likely be used by U.S. card issuers to bridge gap between traditional mag-stripe transactions and EMV chip standard. RFID cards use same information contained in a traditional magstripe. The advantage to contactless RFID is transaction speed, since an RFID card communicates without physical contact with the card reader. Smart Card Alliance says RFID technology is touted as being one of industry’s most secure payment options. An evolution of existing contactless card technology would not require much, analyst says.”]
Source: https://www.cuinfosecurity.com/more-secure-mag-stripe-a-3425