EMV credit card chips, the transition, security and fraud

Reporter: Lance Cothern

Publication: Credit Karma


Deadline: Jun 6, 2017 7:00 pm

I am looking for a United States credit card fraud and/or security expert to answer a few questions regarding the transition from magnetic strip to EMV chip processing. What is the difference between a regular chip card and a chip and pin card? How do EMV chips provide more security than the old magnetic strip swipe and sign cards? Have the new EMV chips reduced fraud? What are some ways to protect yourself from credit card fraud other than using an EMV chip card? What is the current state of the roll out of chip cards and their acceptance in the United States? Requirements: Must be an expert on credit card fraud and/or credit card security issues.

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