Chip-and-PIN Adoption vs. Credit Card Fraud
The transition to the chip-and-PIN credit card technology in the U.S. will reduce fraud from counterfeit cards, but other types of fraud will probably increase....
Tag: chip and PIN
Smart Card Technology Cuts Fraud by 39% in U.K.
Lessons from across the pond: new data show that, following steep declines in 2009 and 2010, payment card fraud losses in the U.K. may have now leveled off....
Magnetic Stripes, EMV Chips and Credit Card Fraud
Over time, countries that adopt the EMV (chip-and-PIN) payment card technology invariably experience lower losses from domestic credit card fraud....
Using a PIN at the Checkout Reduces Debit Card Fraud by a Factor of 5.5
Using a PIN to authenticate a debit cardholder at the checkout reduces losses from debit card fraud by a factor of 5.5, compared to using a signature....
How the Acceptance of U.S. Credit Cards in Europe Will Reduce Fraud Losses
The planned adoption of chip-and-PIN cards in the U.S. next year will reduce fraud and will also cure our headaches at European credit card checkouts....