EMV's Impact on Fraud Prevention
Monday, Dec 26, 2016
According to Visa, from May 2015 - May 2016, chip-enabled merchants saw a 47 percent drop in counterfeit fraud. MasterCard has recorded a 54 percent decrease in counterfeit fraud costs among its EMV-ready merchants from April 2015 to April 2016.
Conversely, MasterCard has also seen a 77 percent increase in counterfeit card fraud year-over-year among merchants who have not yet moved to EMV or are in the process of doing so.