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Stock Market & Financial Investment News

News Breaks
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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April 14, 2014
06:53 EDTTGTTarget breach sparks retail push to upgrade card technology, Bloomberg says
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April 3, 2014
07:18 EDTTGTTarget heading in the right direction, says Piper Jaffray
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