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70% of Payment Cards Worldwide Now Have a Chip

70% of all payment cards now have a smartchip, according to a new report from the International Card Manufacturers Association. In 2016, there were 5.5 billion chipped cards worldwide, up 2.8% versus year-ago levels. The ICMA cites America’s transition to EMV technology as one of the driving forces in the chip card industry. Chipped cards