Originally Posted by
sdsearch
By gift cards, I think they mean store-specific gift cards.
Loyalty card, store-specific gift cards, and frequent flyer cards (aren't those just a subset of loyalty cards, though?) are all that's likely to work with this in a couple years. Visa/MC gift debit cards, since they're debit cards, will go EMV, and when you try to swipe an EMV card at an EMV terminal that's fully EMV enabled, it rejects it and demands that you insert it.
There's no guarantee that Visa/MC gift cards will go EMV. In the UK I think they're still magstripe only, for example.