DEC MAR JUN SEP DEC MAR

766K 1.02M 1.30M 1.64M 1.81M 2.02M

20172015

The number of Visachip cards in the U.S.increased by 164%in the last year.

Credit

Debit

Over 2M merchant locations are now accepting chip cards, a 409% increase since the beginning of EMV migration in the U.S.

44% of U.S. storefrontsnow accept chip cards

More than 75% of those locationsare small- and medium-sized businesses

Visa Chip Card Update: March 2017EMV chip cards and chip-activated merchants combat counterfeit fraud in the U.S.

For merchants who have completed the chip upgrade, counterfeit fraud dollars dropped 58% in December 2016 compared to a year earlier.

© VISA 2017. ALL RIGHTS RESERVED.

SOURCES: U.S. card figures per VisaNet data and operating certificates provided to Visa by client financial institutions as of end March 2017; US chip merchant

location data based on VisaNet data as of end March 2017. Merchants that have completed an EMV transaction in the last 30 days considered chip-activated;

Counterfeit fraud reduction at fully chip-enabled U.S. merchants for the month of December 2016 compared to December 2015. Fully chip enabled merchants

defined as locations where 75% of card present payment volume is chip-on-chip. Data includes both U.S.-issued credit and debit cards; Transaction number

and volume based on VisaNet data for U.S. locations with chip transactions as of end March 2017.

Volume fluctuation due to seasonality, with average holiday season volumes typically higher than other quarters.

Visa Chip Payment Volume (B)Visa Chip Transactions (M)

Chip-ready merchantsnow represent 49% of Visa's

in-store payment volume

There were a billion Visachip transactions in March 2017,

a 330% increase over last year

Chip transactions continue to increase in the U.S.

58%DOWN

1B 49%

75%44%

Total Visa Chip Cards (M)

20172015

212.7

DEC

265.0

MAR

326.8

JUN

373.0

SEP

408.1

DEC

421.1

MAR

1001.3

MAR2017

945.3

DEC2016

482.6

JUN2016

303.3

MAR2016

230.7

DEC2015

666.8

SEP2016

$49.1

MAR2017

$53.8

DEC2016

$27.9

JUN2016

$18.5

MAR2016

$15.9

DEC2015

$34.8

SEP2016