EMV decreased credit card fraud by 66% in US, reports Visa
Visa recently published a report revealing that US merchants that completed the chip upgrade have registered a whopping 66% decline counterfeit fraud in June 2017 compared to June 2015.
According to the report, more than 2.3 million merchants, or 55% of storefronts in the US, are currently accepting chip cards, a surge of 542% since the beginning of EMV migration in the country.