Senator calls on banks to use smart chips to reduce number of credit card fraud victims

The new card would require business owners to invest in new technology.

The new card would require business owners to invest in new technology. (3/21/14)

BAY RIDGE - A Brooklyn state senator is on a mission to keep New Yorkers from becoming victims of credit card fraud.

State Sen. Marty Golden is calling on the state to require banks to use smart chip technology on credit cards. It would require banks to stop issuing the old magnetic strip credit cards and replace them with the smart chip, which Golden says is more difficult for criminals to hack into.

The new card would require business owners to invest in new technology. Many business owners seem to agree that they need to change with the times and try to prevent any kind of customer theft.

The smart chip technology can keep customers safe when shopping at a brick and mortar store, but experts say it does nothing when a customer makes purchases online.

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