Abstract
There are more than 2.53 billion electronic payment credit and debit cards in
use around the world. Technologies supporting electronic purchases and
transfers of funds range from magnetic stripe to microprocessor-based to radio
frequency (RF). As with all facets of commerce, criminals and fraudsters
abound, seeking illicit gain wherever weaknesses in payment systems can be
found, and because the electronic payments is immensely complex and
widespread, opportunities for abuse are easily discovered.
The most recent report from Mercator' s International Payments Advisory Service
discusses the shift from relatively vulnerable magnetic stripe payment cards
to more secure microprocessor-based smart cards in Europe, Asia Pacific, and
Latin America regions. The report provides an overview of the state of the
payment card market for each region, an analysis of the business case for EMV
migration projects, and the progress of these projects.
This report contains 39 pages and 14 exhibits.
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