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Computerworld reports that Walmart plans to make “all its payment terminals in the U.S. compliant with a smartcard-based credit card technology that is widely used around the world but isn't common in the U.S.” The retailer reportedly is “working on making all payment terminals in its domestic stores chip-and-PIN-capable.”

Jamie Henry, Walmart’s director of payment services, is quoted as telling a smartcard conference that signature-based credit-card transactions have become a "waste of time" for the retailer.

The magazine says that the increase in credit card fraud in the US is likely to push the card industry here to move toward smartcards, which use computer chips rather than magnetic stripes.
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