Chip-Card Rollout Has Banks, Retailers Scrambling

To cut credit-card fraud, issuers are embedding chips, with 575 million of the new cards expected to be in Americans’ wallets by year-end. Factories are producing the cards around the clock and merchants say they can’t get card readers fast enough.

Source: www.wsj.com

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Kenneth Carnesi holds a Juris Doctor degree from New York Law School and a Professional Certificate in International Banking from Harvard Law School. Kenneth Carnesi is the Director of Operations and Government Sales at Anaptyx LLC and sits on the Boards of The Lazarus Organization, Monkeetech LLC and MG Madison Phillips, Inc. Mr. Carnesi has also founded CICG - Carnesi International Consulting Group, a company specializing in strategy consulting to small to mid-size businesses.

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