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Lawmakers voice support for adopting ‘chip and PIN’ payment card technology
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Banking, Consumer Protection
Wednesday, February 5, 2014
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Lawmakers on both sides of the aisle expressed support for adopting so-called “chip and PIN” payment card technology in the United States following recent high-profile data breaches at Target and other merchants. However, during a recent Senate subcommittee hearing, they noted that technological solutions alone will not be enough to protect consumers’ sensitive data. Read on for the details.
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