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Chip Card Use Rises; Card Fraud Drops

The Forum snapshot reports 59% of U.S. point-of-sale locations accept chip cards.

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U.S. Payments Forum plans to explore the need for education and guidance.

Visa reported a 70% decline in counterfeit card fraud for chip-enabled merchants, and 96% of Visa payments made use chip-enabled cards according to a report from the U.S. Payments Forum.

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Roy Urrico

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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