Battling Card Fraud through Chip and PIN Technology
May 24, 2012
EMV adoption is widespread globally and gaining traction in the United States
With debit and credit cards continuing to make attractive targets for ciminals, financial institutions (FIs) have to continuously evolve their fraud-fighting methods to ward off a variety of attacks. According to a report by Aite Group, credit card losses in North America have remained relatively flat over the past few years. Debit card fraud losses, however, have been on the rise. These losses are the result of a number of factors, including increased debit card volume and increasingly common point-of-purchase events that lead to debit card compromise (Aite Group, 2011).
Download this white paper from Diebold to learn more about how EMV is gaining traction.