Many businesses not ready for credit card chip upgrade deadline

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Many businesses not ready for credit card chip upgrade deadline – CBS News


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Retailers have one day left to upgrade their credit card terminals to accept the new chip-enabled credit cards, but not everyone is ready. Just under half of consumers have received cards with chips, and only about a quarter of business owners will have the new checkout machines. CBS News financial contributor Mellody Hobson joins “CBS This Morning” to discuss the updates.

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