More than half of consumers with both EMV chip and magnetic stripe payment cards told researchers they preferred using the magnetic stripe, according to a survey commissioned by a European payment vendor.
The Paris, France-based Ingenico Group surveyed more than 1,000 U.S. consumers about their use of EMV chip debit and credit cards, and reported 54% favor using cards with mag stripes over those with chips.
Payments industry experts have warned cards with EMV chips are more difficult to defraud using fake cards, but remain vulnerable to card not present fraud.
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