News

Visa chip card transactions edge toward 100 percent in June

August 30, 2018

Visa has release June EMV statistics showing that the network continues to make progress on EMV migration in the U.S.

According to a Visa press release:

• Card counterfeit fraud losses have been reduced 75 percent at EMV-enabled merchant locations since the merchant liability shift took effect in December 2015.
• The total number of Visa chip cards issued in the United States now stands at 499.7 million, compared with 159 million in September 2015 — a 214 percent increase.
• Of the nearly half-bill chip cards issued 210.6 million are credit cards and 289.1 million are debit cards.

For additional statistics, check out the infographic below.