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Target Moves To Chip and Pin Cards To Boost Security
jfruh (300774) writes "U.S. retailers must accept chip-and-pin charge cards by the end of 2015 or become liable for fraudulent purchases made with chip cards. Target, still smarting from its recent embarrassing security breach, is moving to get ahead of that trend. The company will be installing chip-and-pin terminals in all its stores, and will also be issuing chip-and-pin versions of its own branded cards, which account for about 20 percent of Target sales. Will this move by a huge retailer push the U.S. into parity with the rest of the world?"
Meanwhile in Finland, everything and everybody has a wireless payment terminal. I once even saw a street musician with one for tips...
We will not gain parity simply because Target said "make it so". Sadly the cheap and easy CC system the US uses is the easy thing to stay with. Expect an extension of the current system just before it expires in 2015. Nobody want to spend money to be more secure - "that won't happen to us" mentality rules here in the States...
Maybe in 1-2 centuries the US will adopt the metric system.