Target Once Pulled The Plug On Safer Credit Cards

01/21/2014 09:04 am ET | Updated Jan 25, 2014
  • PAUL ZIOBRO and ROBIN SIDEL Wall Street Journal
ASSOCIATED PRESS

Target Corp. TGT -0.94% Chief Executive Gregg Steinhafel is calling on retailers and banks to adopt chip-based credit-card technology to better protect shoppers. But the debate was different a decade ago, when the executive was on the other side of the issue as Target pulled the plug on a $40 million, three-year program that did just that.

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