The survey found that only 20.5% of young adults, ages 18-24, are using chip cards for purchases. But that group also had the highest usage of mobile payments with smartphones and other devices.
The survey also found 76% of consumers living in rural areas said they had used chip cards, compared to 64% in urban areas.
Also, 26% of Americans making $150,000 or more a year in income lacked an understanding of chip cards, while that percentage soared to 60% for people making $25,000 to $50,000, the survey found.
Finally, only 51% in the survey said the chip technology would make them more secure, although that number was higher for men (59%) than for women (41%).
Sign up for MIS Asia eNewsletters.