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US consumers to get more secure credit card

Retailers, banks to upgrade cards with EMV technology, which has been required in Europe for past decade

In response to consumer fears about future data breaches, major American retailers and banks are moving fast to introduce cards and checkout systems before October 2015, when the cost for fraudulent transactions will shift from banks to merchants.


ON a recent morning, eager shoppers swarmed around Covent Garden, a 350-year-old former open-air vegetable market in central London whose glass-fronted stores now include popular American companies such as Apple and Shake Shack.

But when consumers here pulled out a credit...

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