NRF Warns Against EMV Verification Flaws

Visa announced that since their inception, chip cards have reduced counterfeit fraud by 87 percent.  “Chip cards are increasingly becoming the norm as usage and acceptance has continued to grow since the EMV standard was first introduced in 2011,” the company said. “That’s good news...

Visa said this week that as acceptance of EMV cards has gained traction in the U.S., counterfeit fraud, measured in dollars for these card present transactions, has dropped precipitously. The latest stats show that the continued upgrade to chip card acceptance – which began in...

Data released by Visa on Wednesday (Aug. 29) showed that counterfeit fraud ticked down at U.S. merchants by 75 percent from September 2015 to March 2018 as more storefronts started accepting chip cards. To that end, Visa said that, as of its latest “Visa Chip...

Visa announced that the growing number of chip cards and chip-enabled merchants has helped bring counterfeit fraud in the U.S. down by 76 percent. “Visa set the path for the U.S. payments industry to begin the shift to EMV chip cards in 2011,” the company...