EMV chip technology provides a strong foundation for the evolution of contactless and mobile payments, says Eduardo Perez. Global acceptance is another reason for the switch, ensuring payment cards and devices are accepted everywhere. With EMV, the process is effective, because it uses a “dynamic variable” that changes with each transaction and makes the data around that transaction valueless to fraudsters and makes it infeasible to create a counterfeit card or device” The time was right for Visa to make this announcement to support the U.S. chip migration and adoption of mobile payments.”]
Source: https://www.cuinfosecurity.com/us-move-to-chips-improved-security-a-4002