Migrating to Euro MasterCard/Visa (EMV) contact and contactless chip technology will help combat card-present magnetic stripe fraud.

Commercialised for banks, the mag stripe enabled the rapid expansion of credit card use and set the stage for today’s electronic payment-processing system.

Those new debit and credit cards — you know, the chip ones that have extended the time shoppers spend at checkout terminals — have been effective at lowering fraud rates, according to Visa Inc ...

Known as EMV-Bypass Cloning, a technique first described in 2008 has been seen abused in the wild this year.

Chip-based credit and debit cards are designed to make it infeasible for skimming devices or malware to clone your card when you pay for something by dipping the chip instead of swiping the stripe.

Europay, Mastercard and Visa -- chip technology, the global standard for card payments that significantly reduces fraud. Most card users are familiar with the chip feature of EMV cards, but EMV ...

EMV – Europay, Mastercard and Visa – chip cards replace magnetic strip technology and guard against fraudulent credit and debit card transactions.

EMV can't protect against online fraud, so that 25 percent doesn't say anything about chip-based card security. Still swiping But what about the other 45.8 million?

A full 60 million U.S. cards were compromised in the past 12 months. Of those, 93 percent were EMV chip-enabled — but merchants continue to use mag stripes.