Sam's Club to Issue MasterCard With Security Chip

Sam's Club said it would unveil a new credit card that features chip-enabled security technology.

The new card—co-branded with MasterCard Inc. represents the first active adoption of the technology by a mass retailer, said the Wall Street Journal.

"This move by Sam's Club makes them a trailblazer in getting chip cards in the hands of businesses and consumers, and leading the push toward a safer and more secure customer experience," Chris McWilton, MasterCard's North American president, said. "This will no doubt help drive chip-enabled technology forward here in the U.S. as it gains more traction."

The new card, along with a new rewards program linked to it, will become available June 23, said the Wall Street Journal.