Millions of chip cards and chip-ready merchants make payments safer across the U.S.

The U.S. migration to chip technology continued onwards and upwards in the first quarter of 2016. Just six months out from the liability shift and we have already hit some impressive milestones. With more than 265 million Visa chip cards in circulation, the U.S. is the largest chip market in the world, and by a large margin. The U.S. is now home to more than a million chip-enabled merchant locations, and more than three-quarters of those locations are small and medium-sized businesses.

Chip Technology Gains Ground in the U.S.

0 25 50 75 100 125 150 175 200 225 250 275 (Million)

42.5M Spain

44.7M France

49M Canada50.8M Russia

80.9M M

exico

90M

Japa

n

121M

UK

145.

8M B

razi

l

265M

U.S

.

Glo

bal C

hip

Card

s

May, 2015

July, 2015

September, 2015

November, 2015

January, 2016

March, 2016

1.4B

2B

4.8B

12.1B

13.4B

18.4B

Number of Visa Chip Payment Transactions Visa Chip Payment Volume

79M

176M

220M

303.3M

International Travel Has Never Been Easier with Chip Cards

More and more U.S. consumers are using their Visa chip cards to transact conveniently and securely around the world. Thanks to enhancements to Visa’s acceptance rules, the approval rate for Visa chip transactions overseas is over 96.6 percent. Tourists visiting the US are also enjoying a better chip payment experience, as U.S. acceptance for foreign-issued chip cards continues to grow.

96.6%

Sources: 1. U.S. card figures per VisaNet data and operating certificates provided to Visa by client financial institutions as of end March 2016.2. Global card figures per most recently available operating certificates provided to Visa by client financial institutions as of end December 2015.3. Top five merchants by counterfeit fraud volume.4. US merchant location data based on VisaNet data as of end March 2016. 5. Transaction number and volume statistics based on VisaNet data for locations with chip transactions as of end March 2016.

25.2M

32M

Counterfeit Fraud Shifting Away from Chip-Enabled Merchants

When business owners activate chip terminals, they send a clear message to fraudsters: we’re doing our part to put a stop to counterfeit fraud. And that message is already having an impact on counterfeit fraud rates, which are declining month-over-month for many large merchants with activated chip terminals.

From Q4 2014 to Q4 2015, counterfeit fraud at the top five chip-enabled merchants decreased by more than 18 percent.

More than three-quarters of today’s chip-enabled merchant locations are small and medium-sized businesses.

⁄

18%COUNTERFEIT

FR AUD

Top Five Chip-Enabled Merchants

Chip Activated Merchant LocationsVisa Chip Cards Issued

In March, Visa chip debit cards (133.9M) surpassed chip credit cards (131M) for the first time.

May Jul Sep

2015 2016

Nov Jan Mar

50M

100M

150M

97.2M

126.9M

159.3M

195.4M

217.4M

265M

200M

300M

250M

200K

400K

600K

800K

1,000K

1,200K

May Jul Sep

2015 2016

Nov Jan Mar

1,025K

214K

295K

397K

690K

843K

Nowmore than

a million chipmerchants!