RedFin EMV provides the greater protection against credit card fraud. It is the new standard in credit card payment security.
EMV is a global payment system that entails putting a microprocessor chip into debit and credit cards, making them less vulnerable to fraud for in-person transactions. Because EMV uses the latest in data security, it is quickly becoming the standard in the United States and abroad.
For merchants and financial institutions, the addition to EMV requires new on-site POS hardware and payment processing systems so they can comply with new liability rules that will allow for greater protection against fraud.
According to Smart Card Alliance, about 120 million Americans have already received an EMV chip card and that number is projected to reach nearly 600 million by the end of 2015.