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In Oregon and Colorado, 94 percent of cardholders get their pot for pain.
FOR its part, Costco offers a relatively small, hand-picked selection to its millions of cardholders.
Credit card companies are notifying card issuers and banks to ensure the security of cardholders, Egghead.com said.
And since the vast majority of cardholders manage their credit well, the result will be higher prices for nearly everyone.
Citigroup, Bank of America and other lenders have also been raising the interest rates for millions of cardholders.
The bank earns interest on those loans, of course, but it has to pay expenses and eat the bills of cardholders who fail to pay them back.
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Such chip-based cards — commonly referred to as chip-and-PIN cards because users punch in a personal identification number instead of signing for the purchase — offer an extra layer of protection against the theft of cardholder data and counterfeiting, and they are designed to replace magnetic stripe technology and signature payments.
Carr hopes this new standard will lift the industry to a new, higher level of cardholder data protection.
Of course, globally, Visa will continue to support its range of cardholder verification methods including signature, PIN and no-signature for low-value, low-risk transactions.
But in the longer term, Visa expects that the use of verification methods such as signature and PIN will be reduced or eliminated entirely as new and dynamic forms of cardholder verification are implemented with chip technologies.
It invests in new services and processing platforms to facilitate more convenient and innovative payment methods, such as mobile payments, money transfer and e-Commerce and continually improve the speed, efficiency, security and performance of its network and payments services to enhance the reliability of its global processing infrastructure and protect the security of cardholder information.
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