Why Americans are getting new credit cards
A major shift is underway as U S banks replace tens of millions of magnetic strip cards with chip equipped ones to boost security. By year end roughly half of US credit and debit cards will be replaced, forcing merchants to upgrade hardware and shifting liability for fraud. Chip cards store a unique transaction code, resist copying, and are standard in much of the world. Banks and payment networks press the transition amid concerns over fraud costs and consumer readiness.
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New York
Uss
U.S
Barclays
Europe
Ellen Richey
Risk and Public Policy
Visa
Bank of
Stocks rally to end weeklong losing streak across markets
Broad gains lifted the Dow to 18,000.40 and the S&P 500 to 2,105.20 as Greece bailout hopes and stronger payroll data spurred investor confidence. The Nasdaq rose to 5,076.69 while bonds declined and the yen strengthened against the dollar.
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A Stock Exchange
Sara Rome
Jecinn Ernie
Cal
Scent
Srne
Peeton
Srenmaue
Asia Ear
New York
Greece
Matt Kauffer
Federated Investors
Bloomberg
Angela Merkel
Standard & Poor
U.S
Treasury
Brad McMillan
Commonwealth Financial
Bank of Japan
Spotify raises 526 million in new funding as Apple enters music
Spotify closed 526 million in new funds valuing the service at 8.53 billion with TeliaSonera's 115 million stake. Apple launched Apple Music with a 10 per month option and a 24 hour London Los Angeles New York radio, challenging Spotify as paying subscribers exceed 20 million and 55 million use the service free with ads.
MENTIONED IN THIS ARTICLE
Spotify
TeliaSonera
Apple
London
Los Angeles
New York
Damel
The
Wall Street Journal
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