Fighting EMV Counterfeit Fraud

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Fighting EMV Counterfeit Fraud

Start-up CardLatch is creating technology it believes will effectively eliminate losses to fraud from counterfeit EMV-compliant cards. Currently, there are more than 9 billion EMV-compliant chip cards in circulation worldwide. While fraud from counterfeiting is an $8-billion problem worldwide, those losses occur substantially from transactions initiated by a magnetic stripe, even when the card has a chip. CardLatch anticipates that as mag-stripe cards completely fade from use on the global brand payment networks, criminals will increase efforts to steal card account details from EMV cards. ...

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Nilson Report

1163

October 2019

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Payment Cards in the U.S.

Investments & Acquisitions—September 2019

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