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Mastercard Says Fraud Costs Dropped 54% Since (EMV) October 2015

PYMNTS

One year into the shift to chip-enabled cards — for the U.S., based consumer credit cards are chip cards, a tally that represents a 105 percent boost in chip card adoption since the liability shift took root on Oct. that is — Mastercard said on Monday (Sept. 1 of last year.

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Visa Chip Cards Reduced Counterfeit Fraud By 87 Pct

PYMNTS

Visa announced that since their inception, chip cards have reduced counterfeit fraud by 87 percent. . Chip cards are increasingly becoming the norm as usage and acceptance has continued to grow since the EMV standard was first introduced in 2011,” the company said. merchants dropped too, from the period of September 2015 to March 2019.

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Where Major Chip Companies Are Investing In AI, AR/VR, And IoT

CB Insights

Stories about Moore’s Law slowing have grown common, but analysts affirm that the latest crop of chips (specifically Intel’s newest 10-nanometer technology) prove Moore’s Law is still alive and well. Over 79 deals went to IoT companies — which is to be expected, given their relevance to embedded computing with small chips.

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EMV Chip Cards: What You Need to Know About PIN or Signature Cards and How They Work

Stax

EMV (Europay, Mastercard, and Visa) chip card use has continued to expand in use since its tumultuous rollout in 2015. The EMV standard has now become a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions. What Types of EMV Chip Cards Are There?

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Chip-Reader Lawsuit Proceeds Against Card Companies

PYMNTS

Now, the big card companies — Visa, Mastercard, American Express and others — are all facing a class-action lawsuit brought by retailers over the new chip readers. It’s been a year since the EMV card reader deadline. Florida-based B&R Supermarket Inc.

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PYMNTS Daily Data Dive: Fraud Losses Topped $21B In 2015

PYMNTS

percent in 2015, outpacing the growing global card volume. The industry’s best defense against counterfeit fraud are EMV cards and the terminals needed to read their chips,” David Robertson, publisher of The Nilson Report, said in a press release. 20.6% | The growth percentage of global fraud in 2015. Here are the numbers: $8.45

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How payments fraud is becoming more complex—and expensive

Payments Source

since the introduction of EMV chip cards in 2015 is fantastic news, except for retailers that also sell goods sells online. Recent reports that counterfeit card fraud is markedly down in the U.S. In that case fraud has merely moved from an in-store payment attempt to a card not present (CNP) one.