Businesses should be EMV compliant to avoid being held responsible for credit card fraud. EMV compliance requires businesses ...

If you have received a new credit card recently, it probably contains an EMV chip. You may not have noticed it because most US retailers still let you swipe to pay. But that will change soon.

Introduced as a way to mitigate credit card fraud, EMV chip cards feature a small microprocessor that generates encrypted data and requires consumers to insert (or "dip") their card into a card ...

As card-not-present fraud plagues the payments industry ... "It makes it almost as secure as EMV [chip cards], if not the same," said Itai Sela, president and chief executive of B2 Payment Solutions ...

Since the single-use encrypted information is different for each transaction, this technology helps to eliminate counterfeit fraud. EMV technology has expanded rapidly over the last decade ...

However, since the introduction of EMV chip cards, physical card fraud has decreased significantly. In fact, 93% of fraudulent charges occurred while the card was still in the possession of its ...