One year ago today, regulations surrounding liability for credit card fraud switched to encourage banks and stores to start using EMV (Europay, Mastercard, Visa) technology, also known as chip cards.
Still, contactless credit and debit cards are the preferred contactless payment method for 45%, followed by smart phones, 39%, and smart watches, 16%. Notably, that is a shift from the 2022 study, ...
But in the U.S., you only have to go back about 10 years or so — before EMV chips and contactless technology became standard on credit cards — to find a different world, where those now ...
Chip cards use EMV, or Europay Mastercard Visa, technology. SEE ALSO: Square adds tool to remember frequent customers "Square is in a unique position to make EMV card processing faster," Square ...