EMV compliance gains in Q2 2016; US continues to lag all other regions
EMV compliance gained worldwide in the second quarter of 2016, according to a report by EEMVCo, the corporation that defines and manages the EMV standard. Based on data provided by American Express, Discover, JCB, MasterCard, UnionPay and Visa, 42.4 percent of global card-present transactions were EMV compliant in the second quarter, compared to 33.0 percent for the previous 12-month period.
The U.S. continues to lag all other regions.
From July 2015 to June 2016, 7.2 percent of U.S. card-present transactions were EMV, marking a significant gain from the July 2014 to June 2015 period, when only 0.26 percent of transactions were EMV.
Europe Zone 1 was the most EMV compliant zone. From July 2015 to June 2016, 97.6 percent of transactions were EMV compliant. Africa and the Middle East was second, with 89.94 percent of transactions EMV compliant, followed by Canada, Latin America and the Caribbean at 88.81 percent, Europe Zone 2 at 74.98 percent and Asia at 57.93 percent.