Nine out of 10 Americans use chip cards at about a third of U.S. locations enabled to accept chip payments but the industry must address fraud in in online and mobile channels.
In its winter 2017 market snapshot, the Princeton Junction, N.J.-based U.S. Payments Forum, formerly the EMV Migration Forum, provided updates on EMV chip migration status, priorities for accelerating merchant chip enablement and securing the card-not-present channel, and recently-released payments industry resources.
When it comes to EMV chip migration the forum also revealed steady progress in the U.S. with an estimated 79% of ATMs completing migration by the end of 2017.
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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.).
