Warning: Trying to access array offset on value of type bool in /home/topgsnkq/myessaydesk.com/wp-content/themes/enfold/framework/php/function-set-avia-frontend.php on line 637
Credit card companies and financial institutions are rolling out new technologies in an attempt to stay ahead of, or at least even with, criminals who seek to obtain credit cards and personally identifiable information. The struggle to do so, however, is an uphill battle. EMV chip technology, named after its original developers Europay, MasterCardÂ®, and VisaÂ®, is now becoming the global standard for credit card and debit card payments. However, EMV technology only enhances security in the “card present” space. Therefore, it is expected that fraud will shift to the least secure channels where the card is not present. As fraud online increases and criminals become more sophisticated, the tools in place now may no longer be advanced enough to protect merchants and their customers.
What does this mean for merchants and their liability? For the average consumer? For law enforcement? For the criminals?
Save your time - order a paper!
Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlinesOrder Paper Now
Write an essay (500-750 words) discussing the role of credit cards in online transactions and how they are secured. Consider the questions posed above. Use current APA Style formatting for your written assignment, citations, and references.