Visa: Counterfeit Fraud Drops 76 Percent at Chip-Enabled Merchants

Retailers that have completed their EMV chip card technology upgrades have seen counterfeit fraud drop 76 percent from the end of 2015 to the end of 2017, according to new figures released today by Visa. More than 2.9 million merchant locations accounting for 63 percent of U.S. storefronts now take chip cards.

The figures showed that 67 percent of Visa credit and debit cards now have chips and that nearly all payment volume flows over chip cards. In March 2018, 97 percent of overall U.S. card payment volume was made on EMV-enabled cards.