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US Payments Forum issues EMV update

April 28, 2017

The U.S. Payments Forum has published updates on the status of the EMV chip migration in the United States.

The migration to EMV chip technology in the U.S. is making continued progress, with solid merchant enablement growth since the forum’s last report, according to a forum press release.

New data from The Strawhecker Group shows that 52 percent of merchants are enabled to accept chip payments, 36 percent have contactless-capable terminals, and 28 percent of those contactless-capable terminals are activated to accept contactless cards.

With regard to chip card issuance, Glenbrook Partners recently reported that 63 percent of all cards in the market are chip cards. Of these, 81 percent are credit cards and 46 percent are debit cards.

To continue the forward momentum, the U.S. Payments Forum will continue to prioritize providing implementation guidance and best practices to merchant segments that have unique needs and challenges in their migrations to chip, the release said.