Visa Chip Card Update: March 2017
EMV chip cards and chip-activated merchants combat counterfeit fraud in the U.S.
The number of Visa
chip cards in the U.S.
increased by 164%
in the last year.
Total Visa Chip Cards (M)
212.7
265.0
326.8
373.0
408.1
421.1
DEC
MAR
JUN
SEP
DEC
MAR
Credit
Debit
2015
2017
Over 2M merchant locations are now accepting chip cards,
a 409% increase since the beginning of EMV migration in the U.S.
2015
766K
1.02M
1.30M
1.64M
1.81M
2.02M
DEC
MAR
JUN
SEP
DEC
MAR
44
2017
75
%
%
44% of U.S. storefronts
now accept chip cards
More than 75% of those locations
are small- and medium-sized businesses
For merchants who have
completed the chip upgrade,
counterfeit fraud dollars
dropped 58% in December 2016
compared to a year earlier.
DOWN
58
%
Chip transactions continue to increase in the U.S.
1B
49
%
There were a billion Visa
chip transactions in March 2017,
a 330% increase over last year
Chip-ready merchants
now represent 49% of Visa's
in-store payment volume
Visa Chip Transactions (M)
Visa Chip Payment Volume (B)
230.7
303.3
482.6
DEC
MAR
JUN
2015
2016
2016
666.8
945.3
1001.3
$15.9
$18.5
$27.9
SEP
DEC
MAR
DEC
MAR
JUN
2016
2016
2017
2015
2016
2016
$34.8
$53.8
$49.1
SEP
DEC
MAR
2016
2016
2017
Volume fluctuation due to seasonality, with average holiday season volumes typically higher than other quarters.
SOURCES: U.S. card figures per VisaNet data and operating certificates provided to Visa by client financial institutions as of end March 2017; US chip merchant
location data based on VisaNet data as of end March 2017. Merchants that have completed an EMV transaction in the last 30 days considered chip-activated;
Counterfeit fraud reduction at fully chip-enabled U.S. merchants for the month of December 2016 compared to December 2015. Fully chip enabled merchants
defined as locations where 75% of card present payment volume is chip-on-chip. Data includes both U.S.-issued credit and debit cards; Transaction number
and volume based on VisaNet data for U.S. locations with chip transactions as of end March 2017.
© VISA 2017. ALL RIGHTS RESERVED.