Experts say that most Americans will have received a new chip card by the beginning of next month (October 2015). The financial institutions are sending these to help combat and reduce the nearly $8 billion lost last year in fraud.
But these cards are different, as the name indicates there is a chip embedded in the face of the card. They look and they process differently. Watch this informative video from NBC’s Tom Costello to see what you need to do next!