Posts tagged: Target Stores
The National Retail Federation urged the U.S. Senate on Wednesday to switch the nation from fraud-susceptible credit and debit cards to more protected cards using a personal identification number (PIN).
The NRF said credit card-issuers' insistence on cards that use a signature instead of a PIN puts merchants and their customers at risk.
In a release, the NRF said banks have done their own research – conducted almost 25 years ago that showed PIN-based cards provided more security for consumers, retailers and banks.
In a prepared statement, NRF Senior Vice President and General Counsel Mallory Duncan said: “The bottom line is that cards are poorly designed and fraud-prone products that the system has allowed to continue to proliferate.”
His remarks occurred at a hearing of the Senate Committee on Commerce, Science and Transportation, which is considering changes in light of cyber attacks in which consumer card numbers have been stolen. Duncan said current magnetic stripe cards with signatures are too easy to duplicate and forge.
“There are technologies available that could reduce fraud,” Duncan said. “An overhaul of the fraud-prone cards that are currently used in the U.S. market is long overdue.”
Some banks and many merchants say the use of a PIN, with or without an embedded microchip, would create greater security for consumers and retailers alike, Duncan said.
Northwest credit unions and banks have been hit hard twice in the past six months, first by the URM Stores card hack that affected several thousand cardholders. Then came the nationwide Target Stores card fraud, which affected several million residents and consumers.
Many advocates of improved transaction security say the United States should follow the practice in much of Europe where only chip-based cards are accepted.
Such cards have tiny chips that generate a unique, one-time security code every time you make a purchase. That code prevents thieves from reusing the data.
The battle over chip cards has been stalled in large part because the merchants don't want to change to newer cash terminals until the new chip-based cards are approved. And banks or credit unions don't want to start ordering and distributing the chip cards until they see a significant movement by merchants to use them.
Consumer advocates also argue that more could be done to protect consumers in the case of debit card fraud. While merchants that require a signature end up with zero fraud liability, it's not clear yet whether the use of PINs would provide the same protection.
Today's story on the planned Target store in the Southgate area is one that begs for a map.
Much of the discussion from Wednesday's meeting of the city's citizen Design Review Board was about making the proposed 15-acre site more pedestrian friendly.
This story needs a map to explain some of the issues. CLICK the MAP above to see a larger version if you can't see this one clearly.
The proposed Target store is the yellow rectangle to the right. Palouse Highway is the upper street; Regal is on the left.
Developer Dave Black and architect Gary Bernardo fully agreed with one specific suggestion from the Southgate Neighborhood Council, that an extra pedestrian path be added from Regal, into the project along the southern boundary. The Design Review Board incorporated that suggestion in its recommendations.
Board Member Colleen Gardner made the point that south of the site are apartments and residences, and that unless the south-boundary walk were added, the temptation to cut through the parking lot would increase the risks to walkers taking that shortcut. The Target store entrance, noted in the map, is at the northwest corner of that building.
The map above is modified from one provided by Bernardo-Wills Architects, of Spokane.
The fuschia-colored bar in the map shows the proposed path along the south edge. It would go to the corner of Target and then connect to a walkway north to the entrance..
The City planning department director must still approve the plan before Black can apply for permits. He said the project could start work as early as this summer, with Target opening next year.