The transition to chip card technology in the U.S. continues to advance for both cardholders and merchants. As of the end of June 2017, 2.3 million U.S. merchant locations, 50 percent of storefronts, are chip enabled. And with more than 449 million Visa chip cards in the country, representing 62 percent of Visa cards, counterfeit fraud has continued to decline—58 percent at chip-enabled merchants in March 2017 when compared to March 2016.
Chip-enabled merchants up; Counterfeit fraud down
The transition to chip card technology in the U.S. continues to advance for both cardholders and merchants
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