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Continued: Q&A: What should cardholders do?

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  • Last update: January 10, 2014 - 11:02 PM

A: An easy way would be to eliminate the use of easily cloned magnetic strip cards and upgrade to the kind of microchip technology used in other parts of the world. But banks have pushed back against the idea, because the microchip cards cost significantly more than the magnetic strip version and changing over all the country’s ATMs could drive the total costs into the billions of ­dollars.

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