Payments Blog

EMV by the Numbers

Here is how the transition to EMV chip cards in the U.S., after the deadline has passed last October.

EMV chip card distribution is progressing steadily, as more than 326 million Visa chip cards have been issued in the US as of June 30th, 2016. conducted a March 2016 poll and found that at least 70% of credit cardholders have at least one EMV card in their wallet. DigitalCheck reported that it could take up to the end of 2018 for all cards to be rolled out. It is predicted that by the end of 2016, 80% of all credit cards will have a chip embedded in them.

On the merchant side, Strawhecker Group released a study that found only 37% of retailers were ready to process EMV card transactions, as of late January, 2016. Strawhecker estimates that U.S. retailers will reach 90% EMV readiness in 2017, and they also predict that by December, 2016, 72% of U.S. merchants will be ready to accept chip cards.

Based on what happened when chip cards rolled out in other regions, there will be a greater increase in online fraud in the U.S. Card-Not-Present (CNP) fraud has started to increase in the U.S. in the year since the deadline for EMV liability shift. According to Global Fraud Attack Index, since October 2015 there has been an 11% rise in online fraud . The most targeted industries for eCommerce fraud are digital goods (304%), luxury goods (95%), and clothing (37%). Surprisingly, the electronics (-17%) and the food/beverage (-36%) eCommerce industries have seen fewer fraud attacks.

The rise of fraud attacks started in Q3 of 2015 and continued through Q4, when the EMV liability shift went into effect. The online fraud attack rate continues to rise as fraud shifts from POS, where chip cards are making it more difficult for fraudsters, to the CNP channel.  


There is a solution! Cardinal Consumer Authentication can eliminate your online fraud, increase your sales, and improve your margins, all tuned to the consumer experience. To find out more about EMV and its impact on eCommerce, connect with us! Tune in next week to learn how to combat fraud with the rise of EMV rollouts. With Your One Connection to Cardinal we can FutureProof ™ your Business. Learn more!



Posted by Ian Poole

Ian Poole is currently the Sales Engineering Director with an overall responsibility of Technical Sales, Market Analysis, and designing the implementation of market leading eCommerce and mCommerce solutions for new and existing Cardinal Customers. With more than six years of industry experience, Ian has been involved in many aspects of the Cardinal organization, including direct Customer support, managing Direct and Channel Integration teams, and working with solution design. He played a critical role when leading the Direct and Channel Integration teams as Cardinal expanded. Ian provides a balance between business and technology, and has played a critical role in showcasing how One Connection to Cardinal can FutureProof his Customers’ payment needs. Ian frequently speaks at industry events, in the US and internationally. Mr. Poole has a Bachelor’s Degree in Business Administration from Washington & Jefferson College.

Find me on: LinkedIn

Oct 11, 2016 8:04:00 AM

Topics: Fraud, CardinalCommerce, EMV, eCommerce

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