Fraud

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.

As Gas Station Card Fraud Increases, here’s how to cut your Risk

Skimmers at gas pumps are a growing threat and the use of skimmers by fraudsters to steal credit card information is on the rise. 

With the three-year extension to update your dispensers with chip-card readers, card skimmers will continue to be a threat until at least October 2020 when liability shifts to the party that does not enable EMV during the fraudulent transaction.

To protect your sites and your consumers, consider doing the following on a daily basis: