Magstripe-only POS systems in the United States persistently use magnetic stripe-based cards, used for payments with POS and other retail stores. Chip&Pin cards, also well known as the Europay, Mastercard and Visa card has been the norm for many retail outlets outside the U.S. The move to a chip & pin system is slowly being implemented by US-based banks, but it is not happening as fast as other countries in Europe and other highly industrialized nations. In the past 52 weeks alone an estimated 60 million card numbers were lost in the US.”]
Source: https://hackercombat.com/magstripe-credit-debit-cards-magstripe-only-pos-a-security-nightmare/