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Visa Sticks to EMV Deadline

Visa Inc. chief executive Charles Scharf on Thursday quelled rumors that the payment network might change its October 2015 liability-shift deadline for Europay-MasterCard-Visa chip card transactions. Scharf also decried what he called “misinformation” and “confusion” about card security following December’s news of Target Corp.’s huge payment card data breach and subsequent disclosures of breaches at retailers Neiman Marcus Group and Michaels Stores Inc.
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Posted on: 17 Feb, 2014