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Mastercard: Chip cards cut fraud by 60%
Credit card fraud is down by more than 60% at Mastercard’s top five EMV-enabled merchants since chip cards were introduced late last year, according to the company. “Mastercard has helped over 150 countries adopt EMV and, time and again, we’ve seen the same result — significant reductions in counterfeit card fraud,” said Chiro Aikat, Mastercard’s senior VP of EMV product delivery.

