The fact that the US is finally shifting to credit cards that are embedded with anti fraud computer chips does not mean that there will be a reduction in crimes related to theft from credit or debit cards. In fact, an increase in fraud is more likely to occur.
United States is currently the last developed country to phase out credit cards that use the traditional magnetic strip and use the EMV chip based technology.
Continue reading How Fraud Is Likely to Increase Post Rollout of EMV Security Chips in Credit Cards
A large number of problems, issues, and conspiracies revolving around credit card processing led to standardizing all credit card transactions according to a new format, EMV.