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Banks push chip cards to curb fraud says Shepard
Shepard argues credit card fraud persists due to lack of chips with Canada moving to chip usage in 2013 and 2014. He notes liability shifts mean merchants face charges for fraudulent chipless transactions. Banks and merchants must upgrade. magnetic strips may linger years. Will Whaley, Aiken Standard crime and court reporter.
MENTIONED IN THIS ARTICLE
America
Shepard
Canada
MasterCard
Visa
Target
Wal-Mart
Robin Brown
First Community Bank
Brown
First Community
Will Whaley
The
Aiken Standard