Chip card reality check: Oct. 1 deadline termed a 'soft incentive'

Despite an Oct. 1 deadline for U.S. merchants to accept secure chip-enabled credit and debit cards, experts believe it will take years for the conversion.
"Realistically, we should expect the adoption of chip cards in the U.S. to take a few years," said Avivah Litan, an analyst at Gartner who has been following the conversion for a decade, in an interview this week.
Oct. 1 is the deadline for merchants to begin using newer point-of-sale terminals to accept chip cards. Meanwhile, banks are stead