Banks Aren’t Really Going To Replace Everyone’s Credit Cards This Year

Banks Aren’t Really Going To Replace Everyone’s Credit Cards This Year

Hey, remember how the major credit card companies were going to replace all of our magnetic stripe credit cards sometime this year with computer chip cards sometime this year? You know, like what the rest of the world uses? That isn’t happening. We’ll get our computer-chip cards, sure, and some retailers might be able to read them. However, banks might take until 2017 or so to replace all of our cards. [More]

Target Tries Making Up For Data Breach By Issuing Secure Chip-And-Pin Cards Next Year

Target Tries Making Up For Data Breach By Issuing Secure Chip-And-Pin Cards Next Year

In the wake of the massive theft of customer data, Target is revamping its store-branded credit and debit cards with chip-and-pin technology that will make them more secure for in-person transactions, but still leave the door open to some fraudulent use. [More]

(Philip Taylor PT)

Massive Data Breaches Could Lead To Americans Finally Getting Smarter Credit Cards

The Senate Judiciary Committee heard testimony today from Target’s chief financial officer about the massive data breach that hit the company during the holiday shopping season last year. [More]