Pulse Headlines – by Emmanuel Ferreira
After 20 years of being used in Europe, the US approved the use of EMV chip technology in debt and credit cards. This will begin to be applied on Thursday, and it is expected to reduce fraud significantly. EMV stands for Europay,MasterCard, and Visa, the main three companies that created this standard.
Stephanie Erickson, head of authentication and product integration for Visa, told this to NBC News: “In countries that have moved to chip technology, two years after the liability shift date, they see their counterfeit go down 60, 70 percent or more.”
Continue reading “US banks approves use of EMV’s chip on debit and credit cards”
