As The EMV Shift Progresses, So Do Security Threats

Category: Sterling News



It has been well over a year since the EMV liability went into effect, unofficially kick-starting the U.S. transition to a payments ecosystem largely dependent upon EMV transactions instead of traditional credit card payments. During that time, payment security has improved sharply, but experts caution that hackers are always on the lookout for new ways to rip off merchants and consumers alike.

About 90 percent of Americans today have at least one chip-based card and use it regularly, while 1 in every 3 merchants is currently set up to accept such transactions, according to the latest data from the U.S. Payments Forum. In addition, almost 4 out of every 5 ATMs across the country are expected to be EMV-capable by the end of 2017.

 

Read the full article on Crowdreviews: EMV Keeps Moving Along, but are New Security Threats Emerging?