Is chip technology the peak of security?
However, according to an article from the Associated Press, the companies may be trying to speed up the shift and they have some help.
Richard Hunt, the CEO of the Consumer Bankers Association, brought the banker's perspective to the argument and said that in the case of major fraud, banks are only able to collect pennies on the dollar if a retailer is involved. This is even the case when the card is updated if the retailer in question has not done the same to its processes.
"We have to improve fraud prevention … more