Chip card technology is more secure than mag-stripe cards, experts testified at a Senate hearing Feb. 3. EMV cards contain embedded microprocessor chips that store, transmit and process encrypted information. Target CFO John Mulligan outlined the company’s initiative to implement the use of chip-enabled smart cards for its proprietary REDcards by early 2015. The card networks are pushing U.S. issuers and merchants to move toward EMV card networks by setting loose deadlines for liability shifts.”]
Source: https://www.bankinfosecurity.com/breach-hearing-a-6468