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Identity Theft Bust Exposes Need For 'Smart' Credit Cards

10/17/2011 - 13:01
Experts say the United States is far behind Europe in adopting smart cards, which require cardholders to enter a personal identification number on a keypad, similar to a debit card transaction. Smart cards deter fraud because they contain computer chips that encrypt transaction information and require thieves to not only steal card data but also know the cardholder’s PIN, experts say.
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