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Visa wants to speed up chip credit cards at checkout




An EMV chip embedded on a credit card.
An EMV chip embedded on a credit card.
Flickr user Ciaran McGuiggan/Creative Commons

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Since they became standard back in October, 2015, chip and signature, or EMV (Europay, Mastercard, Visa) credit cards haven't matched the speed of magnetic strip cards that were common before.

And that's frustrated consumers, according to Sienna Kossman with CreditCards.com.

Kossman joins Alex Cohen to talk about chip cards, why they're so slow and what Visa wants to do to fix the problem.