Summary Box: Chase rolls out 3rd chip-based card

AP News
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Posted: Nov 21, 2011 12:41 PM
Summary Box: Chase rolls out 3rd chip-based card

THE PRODUCT: Chase said its new British Airways co-branded card will have a chip technology that's already widely used in the rest of the world.

WHY IT MATTERS: U.S. travelers sometimes run into problems using credit and debit cards with magnetic strips abroad. That's because most of the industrialized world has switched _ or is in the process of switching _ to cards with chip technology that are less vulnerable to fraud.

WHAT IT MEANS: Although still a rarity in the U.S., there are signs chip-based cards will become more popular in coming years.