Visa Inc. is urging merchants to take the first step in resolving a long-running tussle over how to make U.S. credit and debit cards more secure and compatible with those used around the world.
Visa, which runs a network that processes electronic payments, announced a plan aimed at encouraging merchants to install technology at the cash register that accepts a card embedded with a computer chip. The card, which is widely available throughout the rest of the world, is considered to be more secure than traditional cards that have a magnetic stripe on the back.
There is just one problem: The cards are largely unavailable in the U.S. because banks say there isn't enough demand to justify their added cost.
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