A recent report by Gemini Advisory has revealed, three years after the US EMV migration deadline passed, card fraud has continued to rise.
Of more than 60 million payment cards stolen in the past 12 months, chip-enabled cards represented a staggering 93%. These results directly reflect the lack of US merchant compliance with the EMV implementation.
Simon Armstrong, VP Products at Entersekt:
The key to designing successful fraud prevention tactics to secure payment channels is to ensure the implementation process is as frictionless as possible and the experience for an end user becomes ever simpler.”
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