Chip-Enabled Credit Cards Coming to Target Soon - Legal News


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Legal » Chip-Enabled Credit Cards Coming to Target Soon

Chip-Enabled Credit Cards Coming to Target Soon

Chip-Enabled Credit Cards Coming to Target Soon
Tags: , , ...
The content is accurate at the time of publication and is subject to change.

After an estimated 40 million customers’ debit and credit card information was exposed to fraudsters over the holiday shopping season, Target has stepped up the implementation of chip-enabled credit card technology in their stores and for their store credit card, the REDcard.

The security breach that lead to the retailer ramping up their payment technology affected people who used any type of payment card, not just the Target card. Making store cards less vulnerable to fraud will not solve Target’s data security issues. However, the retailer said it will also replace all point-of-sale terminals with chip-enabled card readers, so that REDcards as well as other chip cards can be used at all Target locations.

All 1,800 Target stores in the U.S. will be equipped with chip card readers by the first quarter of 2015, six months earlier than their initial projections. The initiative is costing the company an estimated $100 million.

If people use chip-enabled cards, their personal information is much less likely to be accidentally shared. That’s because these cards, also known as EMV cards or smart cards, use a microprocessor chip to encrypt data. These chips are more secure than traditional magnetic stripe cards because they cannot be counterfeited. Even if the card number, expiration date and security code is stolen, the card cannot be used by thieves.

EMV chip cards are already widely used in the rest of world, particularly Europe, Canada and Australia. In all these countries, the use of chip technology has resulted in lowered incidence of credit card fraud.

Target is not the only company dealing with payment security concerns. In early January, Neiman Marcus also revealed that their customers had been vulnerable to an attack on their payment systems over the holidays. And White Lodging Services Corporation, a management company that handle payments for hotel food and beverage outlets including those at Sheraton and Marriott, among others, recently discovered that they experienced a breach of their point-of-sales systems last year that lasted for almost nine months.

Target is offering free credit monitoring services for people affected by the recent security violations. Customers whose cards may have been compromised should watch their account statements closely for unfamiliar charges and alert their card issuers immediately in case of suspicious activity.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

MasterCard Steps Up Fraud and ID Theft Prevention
MasterCard Steps Up Fraud and ID Theft Prevention

Posted: June 17, 2014

In the face of several recent major data breaches and increasing consumer concern about payment security, MasterCard is putting in place new measures to protect cardholders. Continue reading

American Express Fighting Fraud With  Small Merchants
American Express Fighting Fraud With Small Merchants

Posted: March 13, 2015

Cyber security is on everyone’s mind these days, and to ramp up for the launch of the new EMV technology designed to help make using credit and debit cards safer for consumers and businesses, American Express has rolled out its Small… Continue reading

Skip Signing at Checkout with Discover
Skip Signing at Checkout with Discover

Posted: December 20, 2017

Checking out fast is often the name of the game for many when shopping and in the coming year those with the Discover Card will be able to forgo signing their receipt, giving them a faster check out. The new initiative will begin in April… Continue reading

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, and more up to the quarterly maximum, each time you activate.
For Excellent, Good Credit
INTRO OFFER: Discover will match ALL the Miles you've earned at the end of your first year, automatically. For example, if you earn 30,000 Miles, you get 60,000 Miles. That's $600 towards travel!
For Excellent, Good Credit
Earn unlimited 1.5% cash back on every purchase, every day
For Average, Fair, Limited Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!