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- Title
The U.S. Adoption of Computer-Chip Payment Cards: Implications for Payment Frau.
- Authors
Sullivan, Richard J.
- Abstract
The article discusses the implications of the U.S. adoption of computer-chip payment cards on payment fraud. It differentiates the computer-chip cards from magnetic-stripe cards in terms of use, security improvements and ability to defeat fraud. It mentions the plans of U.S. financial institutions in using computer-chip cards for debit and credit cards, a move believed to stop payment card fraud. It elaborates on the system's effects on fraud patterns in Europe and its likely impact on the U.S.
- Subjects
INTEGRATED circuits; PAYMENT systems; CREDIT cards; FRAUD; FINANCIAL institutions; DEBIT cards
- Publication
Economic Review (01612387), 2013, Issue 1, p59
- ISSN
0161-2387
- Publication type
Article