The introduction of chip cards, also known as EMV cards (named for the three companies that developed the standard: Europay, MasterCard and Visa), was supposed to curtail fraudulent credit card use; however, credit card fraud losses in the U.S. have actually increased since their introduction. In this article, we will look at trends in credit card fraud, how chip cards may be influencing those trends, the security limitations of the current system and what can be done to make credit card transactions more secure.
Link: http://blog.credit.com/2016/02/report-chip-cards-likely-culprit-in-identity-fraud-changes-136187/
Link: http://www.idtheftcenter.org/Identity-Theft/where-will-chip-cards-end-up-next.html
