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Here’s Why J.C. Penney Walked Away From Contactless Payments

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J.C. Penney has switched off all contactless payment options, in part because it still uses legacy point-of-sale terminals. The retailer’s POS terminals are able to read magnetic stripe data, J.C. Penney told TechCrunch, but it wasn’t ready to actively support the new EMV contactless chip transactions. The decision is believed to impact all contactless payment…

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