A spree of payment card fraud incidents at multiple retail locations in Seattle has prompted an investigation by law enforcement authorities. And security experts say these crimes can be expected to happen more frequently as credit/debit card fraud evolves.
The U.S. reliance on the magnetic stripe is having global consequences. European countries that have made the shift EMV say they are suffering from higher-than-ever incidents of ATM skimming because of the lingering mag stripe.
Card fraud, globalization and emerging technology are pushing U.S. merchants and card issuers to take closer looks at the EMV chip standard, and the PCI Security Standards Council is helping to lead the charge.