(Image credit: Mastercard)

By October 2015, the swipe and sign credit card system will be mostly extinct. U.S. credit card companies will be switching to a chip & PIN system, like much of the rest of the world. A quarter of all credit card transactions happen in the U.S., but we have half of the instances of credit card fraud, and it's mostly attributed to the swipe and sign method.

October 2015: The End of the Swipe-and-Sign Credit Card | WSJ Corporate Intelligence