Interesting fact: U.S. merchants are being told that by 2003, most if not all U.S. credit cards will have microprocessor chips on them (as well as magnetic stripes), and that retailers who install more secure point of sale terminals — meaning ones that can take smart cards — will get breaks on interchange.

Moreover, Visa and MasterCard continue to work closely with the major computer manufacturers, and are coaxing more promises that all new keyboards will come with smart card slots.

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