October 1, 2015, is the deadline for US-based Banks and Retailers to roll out Chip-embedded Credit Cards (powered by EVM Technology) to customers that will make transactions more secure. 60% customers still have Old Credit Cards based on Magnetic Stripe Technology, and it could take next 2-3 years to transform the whole payment system. The number of chip cards in the U.S. from these issuers will grow to 60 percent by the end of this year, expanding to 98 percent by 2017.
Source: https://thehackernews.com/2015/10/chip-n-pin-credit-card.html