Chip Protects Credit Card Users - KFYRTV.COM - Bismarck, ND - News, Weather, Sports

Chip Protects Credit Card Users

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After the retail industry has taken a hit with the recent breaches going on throughout the country, credit card companies and banks are working together to come up with another solution to protect consumers.

Chip enabled credit cards is the latest attempt to protect your money and your account when you're out shopping.

The chip holds your information just like the magnetic strip did. Except, its harder to duplicate.

"Many issuers are currently issuing these chip enabled cards and basically we will see in the 2015, 2016 time frame that's become, more and more common place. Now, that said until that time even during this migration period, we'll still have the magnetic strip on our cards," says Seth Eisen, Mastercard business leader.

These cards will most likely be issued to travelers first and then will be given out to every day buyers in the next year or so. But, the most important thing Eisen wants to stress is that shoppers can feel safe while shopping.

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