What is a credit card chip? A big change happened to credit cards back in October 2015. U.S. consumers joined their Canadian and European counterparts in switching from “swipe-and-sign” cards to “chip-and-signature” cards equipped with EMV chips. This change included the EMV liability shift. This transferred the liability for counterfeit fraudulent transactions from the issuer … Continue reading How the EMV credit card chip works and why it matters