Target to adopt smart cards

|About: Target Corporation (TGT)|By:, SA News Editor

Target (TGT -0.4%) says that beginning in 2015 it will adopt chip-and-PIN technology for its entire REDcard program.

The company is converting existing payment terminals at its stores this year ahead of schedule.

What to watch: The move by Target could pressure other retailers to move quicker toward smart cards. Companies behind the IT curve a bit could see higher costs due to the conversion.