Boston, May 5, 2016 – The United States has finally joined the other G-20 countries in upgrading to EMV, but the road has been rocky, and many merchants have yet to complete reterminalization. While EMV gradually works its way into U.S. payments, financial fraud continues to rapidly increase, fueled by reams of data breaches that have given criminals vast stores of consumer data. And lessons learned from other migrations indicate that dwindling counterfeit card opportunities will only increase other forms of fraud.
Sponsored by iovation and based on Aite Group interviews with U.S. issuing players, this research helps FI executives benchmark their EMV progress against their peers' and better understand the rapidly shifting fraud landscape.
This 21-page Impact Note contains 11 figures and two tables. Clients of Aite Group’s Retail Banking & Payments service can download this report.