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New Bill Would Put Smart Chips in New York Credit Cards

22
Mar
2014

The US has been behind the rest of the world for years in credit card technology, and now New York could lead the way toward catching up. A new bill in the State Senate would require all credit cards issued in the state to have EMV smart chip technology. Smart chips are a credit card technology that adds a second layer of encryption to card transactions. “Even with your card in your possession, your account can be hacked and false charges made,” State Senator Martin Golden said this afternoon in Brooklyn, “Your credit card data is out there, and criminals are buying and selling it.”

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