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

The new card would require business owners to

The new card would require business owners to invest in new technology. (March 21, 2014 7:19 PM)

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.


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