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Visa and MasterCard Determined to Enhance Payment Security

11
Mar
2014

A new cross-industry group that focuses on enhancing the security of payment systems in the United States was announced last week by Visa and MasterCard. The new groups main goal is the introduction of Europay, MasterCard, and Visa (EMV) chip cards, also known as PIN-and-chip cards, in the US.

The recent data breaches suffered by Target and several other major US companies have once again highlighted the need to introduce EMV chip technology. Unlike the classic magnetic str…

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