Reducing credit and debit card fraud by implementing EMV chip card acceptance has become retailers’ top payment issue in 2016.
That’s according to a study released by the National Retail Federation and Forrester, which found that merchants are also busy with new data security enhancements such as point-to-point encryption and tokenization to better protect payment card data. The State of Retail Payments 2016 study also found that EMV adoption has been hampered by bottlenecks throughout the U.S. payment system and that the emphasis on security has pushed aside other priorities such as mobile payment.
