The US has been the number one country for credit card fraud in the past 5 years. EMV helps reduce credit card fraud by removing the magnetic strip that has static information on it and replacing it with a chip and PIN system that is uniquely encodes every transaction. Traditional signature-style cards can have their signatures retained and be used for fake reproduction of the card.
Take a look at this infographic to learn more about how EMV works and how it helps protect from risk of credit card fraud.
Brian Wallace is the Founder and President of NowSourcing, an industry leading content marketing agency that makes the world's ideas simple, visual, and influential. Brian has been named a Google Small Business Advisor for 2016-present, joined the SXSW Advisory Board in 2019-present and became an SMB Advisor for Lexmark in 2023. He is the Co-Founder for The Innovate Summit which successfully launched in May 2024.
