News

Three-fourths of cards now chip-enabled, transaction data shows

October 6, 2016

CardFlight, a mobile point-of-sale technology provider, has published the latest edition of its EMV Migration Tracker, which shares data and trends for EMV chip card use in the U.S. since last October's liability shift.

Findings of the tracker include:

• 78 percent of cards now contain EMV chips, up from 46 percent last October;
• American Express leads the way in EMV card issuance, with 96 percent of cards now EMV-enabled;
• 73 percent of CardFlight merchants are EMV-enabled, more than two-and-a-half times the national average; and
• 56 percent of CardFlight transactions in September were chip-on-chip.

"EMV card issuance grows 1 percent every 10 days," said Derek Webster, founder and CEO of CardFlight. "The importance increases every day for merchants to upgrade to EMV-enabled solutions to decrease their chargebacks and liability."

Data for the EMV Migration Tracker is sampled from hundreds of thousands of transactions at thousands of merchants in all 50 states. All transactions were processed through the CardFlight payment gateway from October 2015 through September 2016.