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ARTICLE · 30 DECEMBER 2014

Payments Security Task Force Reports Nearly Half Of U.S. Retail Terminals Will Accept Chip Card Technology By 2016

Jones Day
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On October 17, the Payments Security Task Force, comprising a diverse group of U.S. electronic payment industry players, forecasted that half of U.S. merchant terminals will be microchip-enabled by the end of 2015.

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On October 17, the Payments Security Task Force, comprising a diverse group of U.S. electronic payment industry players, forecasted that half of U.S. merchant terminals will be microchip-enabled by the end of 2015. The forecast was based on data provided by acquirers representing approximately 80 percent of the U.S. purchase volume.

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