Oct. 1 deadline for so-called EMV or chip-and-PIN credit card technology to replace the 1960s-vintage magnetic stripe card system. EMV has been in use in Europe for more than a decade. Experts say EMV makes card-present transactions much less vulnerable to fraud, and the U.S. currently holds the dubious distinction of leading the world in that area of cybercrime. The EMV Migration Forum was created by the Smart Card Alliance in July 2012.”]
Source: https://www.csoonline.com/article/2990207/why-have-most-merchants-missed-the-emv-deadline.html