LINCOLN, Neb. (AP) — Installing a new credit card reading system for all parking meters in Lincoln could cost the city around $1 million.

According to the city’s parking manager, it would cost around $500 per meter to read new credit cards with computer chips instead of magnetic chips. He says Lincoln has about 2,400 meters. More than half can read credit cards.

The new credit cards that contain a computer chip require the cardholder to type a four-digit code to authorize the transaction.

The microchip cards makes it harder for people to steal credit card data and are more difficult to counterfeit.

Credit card companies Visa and Mastercard have announced they’re moving to the new cards by October 2015.