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February 4, 2014
12:51 EDTTGTTarget to invest $100M in chip-enabled REDcards
Target CFO John Mulligan, in testimony before the Senate Committee on the Judiciary in Washington, D.C., announced that the company will be accelerating its implementation of smart card technology designed to reduce the threat of credit and debit card fraud among guests shopping in its stores. During his testimony, Mulligan said Target will equip its proprietary REDcards and all of its store card readers in the U.S. with chip-enabled smart-card technology by 1Q15, more than six months ahead of previous plans. The accelerated timing is part of a $100M effort to put in place chip-enabled technology in all of Targetís nearly 1,800 U.S. stores.
News For TGT From The Last 14 Days
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December 18, 2014
14:39 EDTTGTBacker of Internet sales tax to get powerful Senate post
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December 17, 2014
17:47 EDTTGTTarget names Laysha Ward as chief corporate social responsibility officer
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17:44 EDTTGTTarget names Casey Carl as Chief Strategy and Innovation Officer
Target announced that Casey Carl, president, omnichannel and senior vice president, strategy, will assume the role of chief strategy and innovation officer.
December 16, 2014
10:03 EDTTGTTarget initiated with an Outperform at Cowen
Target $85.

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