ORLANDO—New data on the U.S. migration to EMV shows that 52% of merchants today are enabled to accept chip payments.
Jared Drieling, business intelligence manager at The Strawhecker Group, delivered the report at the Annual Secure Technology Alliance Payments Summit in Orlando. Also at the meeting, George Peabody, partner at Glenbrook Partners, shared that 81% of credit cards, 46% of debit cards, and 63% of all cards in the market are chip cards.
Peabody predicted that by 2020, 90% of transactions would be chip-on-chip—transactions using a chip card at a chip-enabled terminal.