Chip and Pin Credit Cards Lower Fraud by 700%
- It will take at least 5 years for Chip and PIN (or EMV) transactions to make up the majority of retail card processing in the U.S.
- Most large retailers are likely to implement Chip and PIN technology over the next two years
- Other technologies, like mobile or electronic wallets (e.g. Apple Pay), could become the preferred payment method over Chip and PIN card technology due to their ease and advanced security.