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Credit Cards / Smart Cards / Target Security Breach #1095621

CBS Evening News for Tuesday, Feb 04, 2014
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(Studio: Scott Pelley) The apology before Congress from Target’s CFO for the holiday data breach noted.

(New York: Elaine Quijano) The push for smart cards, which use a computer chip rather than a magnetic stripe to store user information, featured; map shown of global smart card use; credit card fraud statistics cited. [CPI Card Group CEO Steve Montross††- notes the data authentication changes with every transaction.] [MasterCard’s Tim MURPHY††- comments on the cost of switching to smart cards.] The rise in credit card fraud committed online in England noted.

Pelley, Scott;
Quijano, Elaine

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