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What is EMV?

An abbreviation of Europay MasterCard Visa, the chip-card standard allows the use of encryption and dynamic data with payment cards. It is commonly called chip-and-PIN because in many countries, users also enter a PIN when they use EMV cards. Image: ThinkStock
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JPMC's U.S. Dollar Card

JPMorgan Chase & Co. began issuing EMV cards in late 2009 for spending U.S. dollars abroad - but it did not offer them to U.S. residents. Image: ThinkStock
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United Nations Federal Credit Union

Last year, this credit union was the first in the U.S. to commit to offering EMV cards. However, the cards were available only to people who qualify for membership with the credit union, which serves U.N. diplomats and their families.
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Travelex

To get EMV cards in the hands of more U.S. travelers, Travelex Currency Services Inc. began issuing chip-and-PIN prepaid cards in late 2010.
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State Employees' Credit Union

In February, 2011, this Raleigh, N.C., credit union began issuing EMV cards to its 1.7 million debit card holders. Like UNFCU and Travelex, SECU said it is adding EMV chips to make its cards easier to use in other countries. Image: ThinkStock
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Wells Fargo

In April, 2011, big banks began announcing their plans for EMV in the U.S. Wells Fargo & Co. was the first, committing to the chip-and-PIN security model used in other countries.
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JPMorgan Chase and Other Large Banks

JPMorgan Chase's EMV card began a new trend: ditching the PIN by instead favoring a chip-and-signature model. U.S. Bancorp followed the signature-only model when announcing its own EMV plans in June. Citigroup Inc. announced an EMV card in July.
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Visa and MasterCard

In August, Visa Inc. announced an incentive timeline for EMV migration, providing a carrot to merchants that accept EMV by October, 2012 — and a stick for those who miss a later deadline of October, 2015. MasterCard soon followed with its own incentive program for EMV acceptance at ATMs on its Maestro network.
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