What is an EMV Chip Card, and How Does it Store Your Data?
For over a decade, the magnetic stripe was the authentication tool behind modern-day credit cards. Magnetic stripe technology was developed in the late 1960s, but it took time before widespread use. It wasn't until 1994 that EMV technology was developed, leading to the cards with the little chips embedded in them. Europe quickly embraced the EMV chip card, but the United States and Canada have taken longer.