EMV creates a drop in Card Present Fraud

March 20, 2019
Card Present Fraud

New data from the Auriemma Consulting Group (ACG) shows that card present credit card fraud losses have decreased by 18%, the lowest levels since 2013. With major adoption of chip technology by card issuers and merchants, card present fraud has become more difficult and has resulted in a sharp decline in related losses. However, even with accepting chip cards, there is still a risk. We recommend continuing with best practices to secure your customers credit card data.

If you know of any businesses that still aren’t able to accept chip cards, we would be happy to help them upgrade.

Best,

The Agapay Team

The full article can be found at: http://www.econotimes.com/

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