Despite being slower and different, consumers are finally started to accept using EMV-compliant chip cards for their daily transactions. A new study by Fiserv shows that almost a quarter of users perceive them to be faster while 36% of the population prefer them over non-chip cards. Chipped cards, of course, are now mandatory for many banks and merchants. As a result, consumers were forced to the new cards and now have forgotten about their old stripped cards.
The Change In Behavior