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Visa: EMV Drives POS Counterfeit Fraud Down 76 Pct

Visa said that as acceptance of EMV cards has gained traction in the U.S., counterfeit fraud, measured in dollars for these card present transactions, has dropped precipitously.   The latest stats show that the continued upgrade to chip card acceptance – which began in 2015 – has led to...

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Citgo Readies EMV at the Pump

Gilbarco Veeder-Root announced that after extensive testing CITGO Petroleum Corporation officially released EMV acceptance software for retailers at the forecourt.   Along with EMV, Version 11.04B brings Passport EDGE to the CITGO network and is now available to CITGO branded sites with Gilbarco Veeder-Root dispensers.   CITGO performed hundreds...

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Debunking EMV Myths

EMV chip technology has become ingrained in the U.S. payments infrastructure. Still, there are misperceptions about the technology, its security features and impacts on fraud.   The U.S. Payments Forum has created a guide to provide accurate information for all stakeholders communicating about contact and contactless chip...

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Visa: EMV Cuts Card-Present Counterfeit Fraud By 80%

Merchants saw a drop in card-present fraud due to the increased adoption of Europay, Mastercard and Visa (EMV) chip cards, Visa said.   Merchants who have upgraded to chip technology saw a decrease of 80 percent in counterfeit fraud dollars in September of 2018 when compared to September...

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