Credit card fraud still threatens Americans

By Mark Horwedel

Published October 25, 2016 4:01am ET

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Credit card fraud still threatens Americans — Unfortunately, it seems unlikely card brands will rise to the occasion and do the right thing by arming consumers with better payment technologies like chip and PIN. (AP Photo/David Goldman, File) | David Goldman

A year after the much-heralded deadline to better safeguard consumer transactions with new chip-equipped payment cards and systems, we’re left with disappointing results due to several deployment lapses by the credit card industry. As expected, fraudsters have found new ways to plague the American public despite the earnest effort of merchants.

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