Target to implement chip readers for credit cards across all stores

Sadman Rahman

Target will begin using chip readers for credit cards in 1300 of its location by this week, the Minneapolis/St. Paul Business Journal reported.

It is expected that all 1800 store locations will update to chip readers by the end of August, according to the report.

Retailers like Target have to use using card readers by October 2015 to avoid liability, as major credit card companies like Mastercard will no longer hold themselves liable for security breaches at stores without chip-based card readers at that time, the Wall Street Journal reported.

The U.S is the last major market that still has the swipe and sign system for card payment and yet to fully update, according to the Journal.

Today’s announcement moves up the timetable of the company’s initial plan by six months according to the Target’s website.