Way back in 2012, MasterCard and Visa agreed that by October 1, 2015, every retailer in the United States would have to have new terminals that would accept chip-and-PIN cards, like those that were found in most of Europe, as well as in Australia, Brazil, and a variety of other countries. Those countries ditched magnetic stripe cards, like the ones the US uses primarily today, more than a decade ago to mitigate credit card fraud.
The company's new biometrics program goes into testing soon.
The company is phasing them out starting in 2024.
Visa CEO Alfred Kelly plans announced that VISA users would soon be able to buy bitcoin on VISA and they will also work with bitcoin wallets.
