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.