Chip Card Nightmares? Help Is on the Way - WSJ

From a payment system reality check

"It is completely understandable to think the U.S. transition to more secure chip-based credit cards—years after the rest of the world—is the worst thing to ever happen to our payment system. Except I now believe it’s the best thing.

Yes, there are serious security benefits to chip cards, and the transactions will get drastically faster, from what I have seen. But the real payoff? The technology that supports chip cards is also laying the groundwork for the death of all plastic cards. Smartphones will replace our wallets once and for all."

Chip Card Nightmares? Help Is on the Way - WSJ