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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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