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Memory Chip Change Coming to US Credit Cards

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The big security breach at Target has exposed a weakness in the U.S. credit-card industry. ABC News reports says a patch to the problem is on the way.
Typically, that credit, debit or charge card you just swiped to make a purchase contains its user data on a magnetic strip. Most of the rest of the world uses a memory chip embedded on the card that's supposed to be more secure than the 1970's-era strip technology. Now American industry is adopting the chip, as well. Some big retailers rushing to install chip-reading equipment to prevent another Target-style breach.


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