Mercator Looks at Global EMV Chip Card Migration
Mercator Advisory Group has published a new report titled "Global EMV Migration Update: Europe, Asia Pacific, and Latin America" that discusses the shift from relatively vulnerable magnetic stripe payment cards to more secure microprocessor-based smart cards in Europe, Asia Pacific, and Latin America regions. The report provides an overview of the state of the payment card market for each region, an analysis of the business case for EMV migration projects, and the progress of these projects.
There are more than 2.53 billion electronic payment credit and debit cards in use around the world. Technologies supporting electronic purchases and transfers of funds range from magnetic stripe to microprocessor-based to radio frequency (RF). As with all facets of commerce, criminals and fraudsters abound, seeking illicit gain wherever weaknesses in payment systems can be found, and because the electronic payments is immensely complex and widespread, opportunities for abuse are easily discovered.
Stumble It!
Add your comment... (note that all comments are reviewed before they're published)