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Sam’s Club to offer credit card with microchip

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ST. LOUIS, MO (KTVI) - Sam's Club is the first mass retailer in the U.S. to offer a credit card using a fraud deterring microchip.  The warehouse club says the card will be available later in June.  Visa and MasterCard are pushing for the adoption of microchip credit cards rather than the black magnetic strips that are found on most cards.  The card processors say microchips have helped reduce fraud in Canada, Mexico and Western Europe.

Target also has plans for a chip-based card after a massive data breach in 2013.

 

 

7 comments

    • rose

      CIT-I agree, but, ” micro chips in the hand” probably isn’t that far off. A lot of stupid people will fall for it. NWO, they are already trying to make us a cashless society.

      • Rob Woller

        Rose: I use PayPal, Square Cash, Venmo, direct deposit, bank direct payments, and credit cards. All cashless, and not a one invented by the “NWO” bogeyman…

    • Rob Woller

      I’ve read George Orwell’s “Nineteen Eighty-Four”. It says nothing about buying products with a “micro chip in our hands”. This technology is being developed for commercial business use, not as a government personal control device. Not all technology is a government conspiracy…

  • Shaniqua Jfeferson

    So what. If you can only use the card at Sams what difference does it make. They already use your seperate membership cards just to get inside the store. Ain’t like somebody gonna hack your Sams card and steal bulk toilet paper and a 24 case of pork and beans.

  • Bob

    This was tried before more than 10 years ago by a handful of banks issuing “smart cards”. The idea never took off because millions of companies would have to update their card reading equipment to utilize this feature. In Mexico and in Europe, the main function of the chip wasn’t for security, but to provide authorization since many merchants aren’t connected to a real-time network.

    • Rob Woller

      Yes, and many people cooked their “smart cards” in a microwave to destroy what they though was some sort of spy chip…

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