Sam's Club has announced that it will become the first mass retailer in the U.S. to offer a credit card using a fraud-deterring microchip.
The warehouse club, which is owned by Wal-Mart Stores Inc., said the card will be available later on this month and will be co-branded with MasterCard, according to a report by the Associated Press.
"Visa and MasterCard are pushing for the adoption of credit cards that use microchips rather than the black magnetic strips found on most cards," said the report. "The card processors say microchips have helped reduce fraud elsewhere, including in Canada, Mexico and most of Western Europe."
The technology hasn't been utilized a lot in the U.S. because of disputes over how the network would operate and costs.
Some of the disputes have since been resolved however, according to AP.
A number of recent data breaches helped the technology gain support among retailers for cars using microchips.
Target confirmed back in December that it was the victim of a cyber-attack that resulted he theft of over 40 million payment card numbers
At least 70 million other pieces of customer data were also stolen, including customer's names, email addresses, and phone numbers.
In May Target said it would accelerate the rollout of a chip-based credit card, with new payment terminals appearing no later than September, according to AP.
The retailer said it planned to be the first major U.S. retailer with its own chip-based card.
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