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
EMV or chip-based cards provide added security for credit card processing and merchant account services. Modern point-of-sale devices will most likely remain with us for some time, and these devices require more secure credit card processing.
Businesses such as those providing merchant services need to offer their customers easy modes of payment. Ideally, merchant account providers should accept virtually all types of payment, but providing chip based cards satisfy a client’s security needs too.
Continue reading How Do Chip-based Credit Cards Enhance Your Security?