Credit card with gold chip

EMV Chips in the U.S. – Why has it taken so long?

EMV chips in the US3EMV is a sophisticated fraud fighting technology that has already replaced magnetic stripe cards in 60 countries worldwide. The U.S. is the only member of the G20 not to have adopted EMV.

This industry white paper considers the current U.S. card payments industry and demonstrates how the $6.1 billion of annual U.S. fraud caused by magnetic stripe cards more than justifies investment in EMV.