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Patrick said while most new cards should have a microchip in them, they also still have a magnetic strip so that customers can use their cards at businesses that aren’t EMV ready. However, the ecosystem has a long way to go before full implementation is achieved-or indeed,...

According to the New York Times, Larson died on Sunday, September 20th at his home in Brentwood, California.

In addition to stepped up competition from its rivals, the New York-based company must contend with the loss of its lucrative 16-year partnership with Costco Wholesale Corp. and a USA legal ruling that upends AmEx’s long-standing rules that don’t permit merchants to...