Marketplace Tech for Monday, January 20, 2014

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Episode Description 
Target and Nieman Marcus customers are among the tens of millions whose credit cards have been compromised in recent hacks. The news is sparking a lot of questions about American credit card security. That brings us to the next part of our series on Wall Street technology. Today, we're looking at why American banks and retailers are still using the same old magnetic strip cards, instead of more secure chip and pin cards commonly used abroad.

Why are American credit card companies using outdated technology?

American banks and retailers are still using the same old magnetic strip cards, instead of more secure chip and pin cards commonly used abroad.
Posted In: credit card fraud, Target credit cards