House panel hears retailers’ concerns about chip-and-signature cards

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Three small business owners say they support PIN-with-chip cards to protect against fraud Three representatives of small businesses said at a U.S. House hearing Wednesday that new chip-embedded credit cards need to have added PIN security instead of the chip and signature favored by most banks and card companies. The hearing took place nearly three weeks after an Oct. 1 deadline for retailers to update their payment terminals to accept chip cards or face liability for card fraud. “I am game to go the route to [chip card support] but would really like to feel what I’m doing is really … Read More