Gift Card Fraud Will Be a Major Threat Post-EMV

From PaymentsSource

As the United States begins its efforts to reduce credit card fraud by transitioning to EMV, another type of card — the online gift card — could see its fraud risk skyrocket.

EMV is set to dramatically reduce card-present — or in-store — fraud. In fact, it’s expected that by October, 70% of U.S. cards will have EMV chips, featuring technology that makes it much harder for fraudsters to swipe data.

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