PURCHASE, N.Y.–With the EMV liability shift deadline only days away, MasterCard has offered the following facts about the U.S. conversion to chip cards:
- 40% of all U.S. MasterCard-branded consumer credit cards are chip cards
- More than 350,000 U.S. merchant locations accept chip card payments
- One-quarter (26%) of national and regional merchants – stores and restaurants with multiple locations – have started to accept chip cards
- Over 320,000 local merchants – those with single locations – accept chip cards
- There was a 446% increase in chip transactions in August 2015 from August 2014
- 75% of cardholders agree the increased security of the chip cards greatly reduces the ability for thieves to copy or use their cards for unauthorized purchases
- The same number expect to use their chip cards everywhere they shop today