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Retailers, issuers at odds following payment card data breaches
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Consumer Protection
Wednesday, January 29, 2014
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Retailers and issuers are locked in a debate over payment card policy following the recent high-profile data breaches at Target and other retail chains. The National Retail Federation (NRF) told lawmakers that issuers should invest in card technologies designed to limit fraud. However, the Independent Community Bankers of America (ICBA) argued that retailers are responsible for the breaches and that the entity that suffers a data breach should pay for fraud losses.
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