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Retailers hoping credit card changes will swipe away fraud

from By Suzanne Mason

According to Verizon's 2013 Data Breach Investigation Report, 24 percent of data breaches happened in the retail industry. Although the percentage is relatively low, credit card giants Visa and MasterCard are pushing a major change in credit cards as we know it. Starting in October 2015, credit cards will make the switch from magnetic stripes to pin and chip technology also known as EMV. Instead of a machine reading a magnetic strip on a credit card, it will now read a tiny microchip within. more


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