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.
Posted in Cyber Data Security, Fraud Detection & Prevention, Identity Theft Prevention by Identity Theft Speaker John Sileo.
Tags: Chip and Pin, credit card fraud, Credit Card Security, Credit Cards, EMV
