MasterCard Says 67% of U.S. Cards are EMV-Enabled

Card company says 1.2 million merchant locations are accepting chip card-enabled payments.

April 05, 2016

PURCHASE, N.Y. – MasterCard shared stats last week on how its customers and consumers are faring six months after the EMV liability shift. According to the card company, more than two-thirds (67%) of U.S.-issued MasterCard-branded consumer credit cards feature a security chip, a 51% increase in the number of consumer credit cards with chips in market since the October 1, 2015, liability shift.

MasterCard says that consumers can use their EMV chip cards in more places, as 1.2 million U.S. merchant locations (an increase of 121%) have turned on their terminals and are accepting chip card payments. In addition to national retail chains, approximately one million local and regional merchant locations are accepting chip cards.

In 2015, the Payments Security Task Force projected that 98% of cards issued in the U.S. would feature chip technology by the end of 2017. This would top adoption rates by regions and countries that began implementing chip technology decades ago. MasterCard says that merchant EMV adoption continues as projected in other Payment Security Task Force studies.

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