This year, there will be an important change in the way Americans use their credit cards. More banks will be issuing cards with small computer chips, a move they say will protect against credit card fraud.
But banks are stopping short of another step that will make credit card usage even safer. And a lot of retailers aren’t too happy about it.
Americans use their credit cards a lot, and most of the cards they use operate the same way. The credit card is swiped through a machine, and the machine reads the customer’s personal information, which is stored in a magnetic strip on the back.
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