1 By October 2015, merchants will have either replaced their magstripe credit/debit card technology with Chip and PIN devices, or face potentially costly consequences. Smartcard payment technology, embraced by most of the world years ago, is finally coming to the U.S.— and although it will entail replacing 15 million magstripe point-of-sale devices—it will greatly help eliminate glaring security flaws in the existing system. first, a lit

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