Wal-Mart and Kroger play it 'smart' with payment cards


Wal-Mart (WMT) and Kroger (KR) are two retailers that are ahead of the curve with technology already in place to read smartcards, according to The Dallas Morning News.

The massive data breach at Target has politicians raising the issue if the retail industry in the U.S. should follow the lead of Europe and Asia to adopt smartcards instead of using the easier-to-hack magnetic strip cards.

The conversion could lead to large expenses for some retail chains with older IT systems.

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Comments (5)
  • chillen22
    , contributor
    Comments (43) | Send Message
     
    If the worlds largest consumer economy switches to the smart card it will eventually become easy to "hack". That is why window systems get viruses more often the other operating systems there are just more of them then the others. Any computer system can be breached plain and simple. So when you are targeting the most destruction you pick the largest quantity target. What people need to stop and realize is anything stored on a computer can be stolen. There is not an "unhackable" system out there. Never will be!
    29 Jan 2014, 09:21 AM Reply Like
  • Joe A. MacDonald
    , contributor
    Comments (119) | Send Message
     
    I totally agree with the above comment; it is going to take a very expensive and destructive
    incident for all to see, before most of the world realises, the situation that we have created!
    29 Jan 2014, 10:40 AM Reply Like
  • chillen22
    , contributor
    Comments (43) | Send Message
     
    What i am waiting for is the moment the banks and/or credit cards stop canceling these charges from stolen data. Its not the bank/credit cards fault the data was stolen. That is money out of their pockets. Who becomes responsible then?

     

    This situation is way worse then we already know and is not going to get any better. If you think we have heard of all these incidents your crazy. Its not like all these companies retail or not that have been hacked and your info stolen have step forward, and say, "Hey we are not smart enough or spend enough money to keep your info safe please come shop with us some more."
    29 Jan 2014, 10:56 AM Reply Like
  • pim69
    , contributor
    Comments (407) | Send Message
     
    Canada already has chip and NFC cards. They still have magnetic strips so it's nonsense that this will be such a huge cost to all businesses at once. I'm surprised the USA is still in the dark ages without them.
    29 Jan 2014, 11:01 AM Reply Like
  • AdamDivy
    , contributor
    Comments (413) | Send Message
     
    (OTIV) to most likely profit from this.
    29 Jan 2014, 11:08 AM Reply Like
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