Target moving up implementation of its smart cards

Target has sent some new information to its customers dealing with last year’s massive data breach

involving its credit cards and those of other institutions.  The letter says Target has not yet detected any fraud involving its store credit cards due to the breach.  It says there has been only a small amount of additional fraud involving its Target Visa credit cards.

The Minnesota-based retailer says it is speeding up its $100 million investment in chip-enabled smart cards that it says will offer significantly more protection to users.  Target says its goal is to have the new cards in use by early next year, six months sooner than its original goal.