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Why U.S. Retailers Are Still Vulnerable to Card Fraud

After last year’s massive security breaches at Target (TGT) and Neiman Marcus, data security pros urged U.S. retailers to upgrade their credit and debit card technology to reduce fraud. Companies have been slow to embrace the more secure payment systems that have been widely used in Europe and Asia for years, mostly because of the expense and a lack of synchronization among retailers, credit card providers, and banks.

via U.S. Retailers Behind Schedule for Card Payment System Upgrade – Businessweek.

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