Source: emv-connection.com

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Source: emv-connection.com

After last month’s information breach at big-box seller Target– which compromised the credit card information of roughly 40 million customers across the country– lots of American customers are clamoring for more secure means to pay with plastic. And in 2014, they just might get it.

A sort of technology that makes charge card numbers far more tough for thieves to obtain their hands on, which is presently in use in Europe and parts of Latin America, could soon be concerning the United States. Known as wise, PIN, or EMV cards, these charge card replace the magnetic strip ubiquitous in American credit cards with a small chip on the front of the card. This chip holds the charge card’s number and is scanned by merchants to gather payment, however is much more difficult for criminals to steal.

According to Northwest Public Radio, this kind of charge card has not been conveniently adopted in the U.S. due to the fact that sellers would need to upgrade the electronic systems that collect payment details, which is costly. Nonetheless, because the Target data breach most likely occurred at the swipe equipments featured in many American shops, some professionals anticipate that credit card companies will start pressing merchants to upgrade to even more fraud-proof systems. In fact, this is why American charge card are not able to be utilized in some parts of Europe– they are viewed as too high-risk by European merchants.

Some huge corporations in the U.S., like Home Depot and Finest Buy, are already capable of accepting wise credit cards, and about 15 million such cards have currently been released by U.S. banks. While this accounts for a really small portion of the credit cards in flow, it stands for a vote of confidence that the innovation will catch on n the future.