Visa EMV chip cards help reduce 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. That’s good news for everyone but fraudsters. The latest data shows that Visa payment cards with an embedded EMV® chip has had a significant impact on counterfeit fraud, which is when criminals copy your payment card data onto a fake card and re-use it without your permission.
The infographic below explains the latest data about chip card usage, its impact on fraud and how other Visa risk and security technologies help keep payments secure.
The same security technology, in fact, that chip cards use to fight counterfeit fraud is also available in contactless payment cards. These allow you to simply “tap” on a payment terminal to make a payment. Click here to learn more about contactless payments.
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