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Gas Stations Get More Time To Convert To Safer Chip Credit Cards
Updated December 5, 2016 9:44 AM
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(UNDATED) - Gas stations are getting more time to convert to safer chip credit cards.

Credit card companies are giving gas stations more time to install chip technology.

The Wall Street Journal said Visa and Mastercard each announced they are giving gas stations three extra years to install equipment that accepts the new generation of chip-embedded credit and debi cards meant to reduce fraud.

The delay comes even as gas stations are trying to control credit card fraud and skimming, when someone steals your credit card number when its swiped at the machine.

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