Mastercard Announces That Magnetic Stripes Will Be Phased Out
Korona
AUGUST 20, 2021
All cards with magnetic stripes will be completely phased out by 2029 in Europe and 2033 in the U.S. So while banks and credit card companies have already given merchants plenty of reasons to adopt the chip and PIN technology , they’ve still left plenty of time for the new technology to be gradually adopted.
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