The article I chose was "MasterCard, Visa Moving U.S. Credit Cards to 'Chip-and-PIN' by 2013" The article was written by Mark Hachman for PC Magazine's website. It was published on February 2, 2012.

Chip and PIN technology allows consumers to slide in a credit card with an embedded security chip inside, then enter a 4-digit PIN. Putting U.S. credit-card payment technology onto the same technological footing as other regions will mean fewer headaches for overseas travelers. 

The article states that MasterCard, like Visa, also said that it is preparing for a world where consumers will pay in stores, online, and via mobile devices. However, the company did not promote a wireless technology, such as Visa's endorsement of near-field technology used by Google Wallet. Instead, MasterCard plans to support dynamic authentication, which tries to create a unique card or data that can't be duplicated. An example of dynamic authentication might be a time-sensitive token that could be transmitted via a phone and matched up against the credit-card number. Another example of dynamic authentication might be the Magneprint technology, which attaches a unique identity to a magnetic-striped card based on the layout of its atoms.

Visa also announced EMV timetable stating that they will also be releasing this new chip and PIN technology in the U.S. around April 2013 as well. EMV technology refers to Europay, MasterCard and Visa, the three payment infrastructure providers who developed an interoperable standard for the chip readers. Europay subsequently merged with Mastercard.

I found this article very interesting because it will make traveling to Europe much easier, especially for frequent travelers. I think Mastercard attempting to create a "no swipe" system is also very cool, because you can be in a store and just scan the chip in the car rather than having to swipe it. This eliminates the possibility of a faulty band on a swipe card. However this poses the problem of the security of the wireless server the chip and PIN cards will work on. People's personal spending accounts should be well protected, and if Mastercard or Visa has a faulty security on these new chips it could be very troublesome for either company.

Below is a picture of a chip and PIN Mastercard: