One year after EMV chip card technology officially launched in the U.S., the migration has seen consistent month-over-month progress. As of September 2016, 373 million Visa chip cards have been issued in the U.S., representing a 134 percent of growth compared to last year.
In September, Visa cardholders made more than 666 million chip transactions at more than 1.6 million chip-enabled merchant locations—an increase of 744 percent since last year. As more chip transactions have taken place, counterfeit fraud at chip-enabled merchants has significantly dropped, including a 54 percent decrease in June compared to a year earlier.
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