Chip Cards in Market at 88% as Chip-Active Terminals Reach 33%
Purchase, N.Y. – September 12, 2016 – At the one year anniversary of the shift to chip approaches in the US, Mastercard today unveiled data confirming the positive impact the technology is having on issuing banks, merchants and consumers. To date, chip adoption continues to grow:
- As of July 2016, 88% of Mastercard US consumer credit cards have chips, representing a 105% increase in chip card adoption since the October 1, 2015 liability shift.
- The company also sees 2 million chip-active merchant locations on its network, a 468% increase in chip terminal adoption since October 1, 2015. Two million merchants represent 33% of all US merchants.
- Of the 2 million chip-active merchant locations, 1.3 mill ...