Why Are You Still Swiping In 2016? Demystifying Chip-Enabled Payment Cards

2015 holiday shoppers who paid with plastic deserve forgiveness if they were confused by changes in America's checkout ritual. Merchant terminals for completing purchases sprouted card receptor slots for reading credit cards with chips embedded to curb counterfeiting. Merchants that accept cards have an economic incentive to install the equipment requiring customers to insert cards instead of swiping. Procedures are inconsistent among large retailers, and many still need new terminals. The FBI may have added to the confusion by publicly questioning the effectiveness of the new card system then abruptly withdrawing its remarks.

What's really going on?

Card Fraud Losses Mount in the U.S. as Counterfeiting Grows