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Shift to EMV cards in the U.S. expected to increase online fraud

Antone Gonsalves | Feb. 11, 2014
Change to chip-and-pin cards may reduce in-store fraud, but increase problems online, say experts.

Pascual predicts some form of NFC authentication will become popular between 2015 and 2016.

The use of EMV cards is supported by the Payment Card Industry (PCI) Security Standards Council, which sets the rules retailers follow in accepting payment cards. The council has said that use of EMV cards will not change current security standards.

 

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