![]() ![]() In this article, we’ll look at common questions surrounding EMV and how it helps to fight credit card fraud and thus increase payment security: “Bank transfers and payments accounted for the highest aggregate losses reported in 2020 ($314 million), while credit cards most frequently identified as the payment method in fraud reports”, states the paper. As data theft remains a significant danger to consumers and merchants, EMV cards play an integral role in the global effort to improve payment security by using a technology that helps to protect credit card information.Īccording to the latest report by the Federal Trade Commission, there were over 2.2 million reports of fraud last year in the United States.
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