Visa: EMV Rollout Continues; Counterfeit Fraud Down 76 Pct.
PYMNTS
MAY 30, 2019
Visa said this week that as acceptance of EMV cards has gained traction in the U.S., Total counterfeit fraud dollars decreased by 49 percent, the payments giant said. EMV” is shorthand for Europay, Mastercard and Visa chip cards. businesses began migrating to EMV, when 392,000 merchants had such acceptance in place.
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