Will New "Chip" Credit Cards Slow Down Fraud?
by Atlanta Fed
We are within five months now of the initial EMV (chip) credit card liability shift for Point-of-sale (POS) transactions. Most people in the industry have held the belief that as the ability to create counterfeit cards is shut down, the criminals will shift their focus primarily to the card-not-present (CNP) environment, where they can continue to use payment card data they take from the magnetic stripe or other data breaches.
Source: http://econintersect.com/pages/contributors/contributor.php?post=201506140604
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