Why are credits cards taking so long to modernize?

To listen to this podcast episode, click on the Play button in the bar at the bottom of the screen. To listen while browsing, click on the Expand button at the bottom right to launch the player in a new browser tab/window.

A swipe of the credit card and a quickly scribbled signature is a familiar gesture for many American shoppers. But Mastercard recently announced that it will phase out magnetic stripes by 2033 in favor of chips and touchless taps. Though other countries have more quickly adopted credit card technology, in the United States, back-end processing, cost and consumer muscle memory have stood in the way of progress. Plus: indicators of a summer slowdown in economic recovery, the delta variant hits Hawaii’s tourism industry and a local food delivery service competes with food delivery giants.


How history will judge Biden's surrender in Afghanistan. Lord Conrad Black with Sebastian Gorka on AMERICA First


Ep 845 | Taliban Says Women Can Keep Rights … IF It's Under SHARIA LAW