SmartMoney Monday: Chip technology - Hawaii News Now - KGMB and KHNL

SmartMoney Monday: Chip technology

(Image: Bank of Hawaii) (Image: Bank of Hawaii)
HONOLULU (HawaiiNewsNow) -

As of October 2015, financial institutions and merchants were required to have new credit card terminals that accepted cards with embedded chips installed at their establishments.

These embedded chips are supposed to make your credit card transactions more secure and help protect the consumer from fraud and identity theft, but how safe is this new technology?

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