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Credit card makers, stores clash over microchips

from The Associated Press via CNBC

Visa and MasterCard are renewing a push to speed the adoption of microchips into U.S. credit and debit cards in the wake of recent high-profile data breaches, including revelation that hackers stole consumer data from eBay's computer systems. Card processing companies argue that a move away from the black magnetic strips on the backs of credit cards would eliminate a substantial amount of U.S. credit card fraud. more


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