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.

Topics: Card Brands, EMV, Security, Trends / Statistics

Companies: Visa

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