Payments News

Fraud Struggles in a Post-EMV World

Nov 30, 2017
When the U.S. began to get serious about migrating cards and POS terminal to EMV, the industry looked to other geographies that had completed their transition to EMV to understand what to expect. As it turned out, looking at the Canadian or UK markets was really of little help to predict the tumult that occurred in the U.S.  A blog posted to Multichannel Merchant warns that looking to other markets to understand how fraud has and will change in the post-EMV world would also be a mistake.  The U.S. market is not just larger and more complex, criminals have been sharpening their skills to exploit payment and financial systems EMV or no-EMV.  The blog offers up some sobering statistics: