US gets chance to catch up on credit card security (AP)

Two bank smart cards are displayed in London, Friday, Sept. 9, 2011. Smart cards with built-in chips, are the equivalent of a safe: they can hide information so it can only be unlocked with the right key. Because the important information is hidden, the cards can’t be copied. The cards are recognizable by the fingernail-sized gold contacts embedded on one side. Through the contacts, a chip inside the card can transmit information to a terminal when slid into a slot. (AP Photo/Martin Cleaver)AP – The next time you swipe your credit card at check-out, consider this: It’s a ritual the rest of the world deems outdated and unsafe.

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