NRF Letter Calls for Financial Industry Support

WASHINGTON — The National Retail Federation outlined its concerns about criminal data theft and security breaches at Target Corp. and Neiman Marcus in a letter to the two top leaders in Congress on Tuesday, calling for help from the financial industry to implement more secure debit- and credit-card technology for consumers.

Matthew Shay, president and chief executive officer of the NRF, sent a letter to Senate Majority Leader Harry Reid (D., Nev.) and Speaker of the House John Boehner (R., Ohio) on Monday, to assure them that retailers stand ready to help combat criminal data security breaches as the debate over protecting consumers from data security breaches heats up on Capitol Hill.