Visa notes progress with US EMV transition
Visa released 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.