More Good News For Retailers: There Was Less Of This In 2017

Dec 27, 2017

EMV stands for Europay, MasterCard and Visa, a global standard for authenticating credit and debit chip cards. According to Business Insider, EMV is finally becoming common place in the U.S. And, it's starting to pay off, by leading to a significant drop in counterfeit fraud. The combination of increased EMV card penetration and rising merchant participation is driving growth in chip-on-chip volume, which hit $59.4 billion in September, up twelvefold from two years earlier.