The Bottom Line

Banks and Retailers Implementing EMV Technology

Posted by Strategic Resource Management on Apr 9, 2015 9:00:00 AM

Now that the 10 major credit card issuers in the United States are converting to chip-based credit and debit cards, and two-thirds of leading retailers preparing to accept them, expectations are high that these EMV cards will dramatically reduce fraud.

But exactly when this shift will take place is harder to pinpoint, and some experts predict that in the short-term, the conversion may very well result in an increased level of fraud for online transactions.

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