By Nandita Bose CHICAGO (Reuters) - New technology about to be deployed by credit card companies will require U.S. consumers to carry a new kind of card and retailers across the nation to upgrade payment terminals. Credit card companies have set an October deadline for the switch to chip-enabled cards, which come with embedded computer chips that make them far more difficult to clone. Counterfeit cards, however, account for only about 37 percent of credit card fraud, and the new technology will be nearly as vulnerable to other kinds of hacking and cyber attacks as current swipe-card systems, security experts say. Moreover, U.S. banks and card companies will not issue personal identification numbers (PINs) with the new credit cards, an additional security measure that would render stolen or lost cards virtually useless when making in-person purchases at a retail outlet.
Britain's governing Conservatives plan to renew a failed pledge to reduce net migration below 100,000 a year if they are re-elected in May, a senior minister said, despite current levels running at around triple that. Immigration is one of voters' top concerns ahead of what is expected to be a close-fought election and the Conservatives are under pressure from the rise in popularity of the UK Independence Party (UKIP), who want strong curbs to immigration. The Conservatives, neck-and-neck with the opposition Labour party in many polls, have been embarrassed by a failure to meet Prime Minister David Cameron's 2010 pledge to reduce the net number of people coming to Britain "to the tens of thousands". Official data last week showed a net 298,000 people moved to Britain in the year to September 2014, a 40 percent rise from the previous 12 months and more than when the Conservative-led coalition government took power in 2010.