Retailers, Creditors Clash on Security - By Mark Jewell
Retailers and the credit card industry are at odds as they try to restore consumer confidence after recent massive thefts of credit card information.
The National Retail Federation on Thursday urged a card industry organization to stop requiring retailers to keep customers' card numbers for up to 18 months.
The stored data helps track product returns and disputed or suspicious transactions. But retailers say the data would be more secure if only credit card companies and banks that issue the cards stored it.
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