Chase plans to convert more than 70% of its credit and debit cards to EMV by the end of 2015, the company announced Tuesday.
The migration will mean more than 80% of all Chase cardholder spending will be on chip-enabled cards, the company said. Chase is also upgrading its ATMs to accept the cards.
"Fraud and security threats facing consumer payments today is a complex issue that can't be solved with any single technology," Gordon Smith, CEO of Chase Consumer and Community Banking, said. "We're working to employ a variety of approaches to protect our customers – adopting chip technology is a critical step on this journey."
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