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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.

The Princeton Junction, N.J., based Forum in its spring 2018 market snapshot, provided updates on the status of the U.S. EMV chip migration and contactless payments, through a member survey, and recently-released resources for the payments industry.

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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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