Half of US POS Systems will accept EMV Payments by 2015

Check out key stats regarding EMV® provided by John Heggestuen, Business Intelligence here. 

Over 50 Percent Of US Payment Terminals Will Take 'Chip And PIN' Credit Cards By 2015

April 1, 2014

Half of US POS Systems will accept EMV Payments by 2015

Check out key stats regarding EMV® provided by John Heggestuen, Business Intelligence here.

  • The number of active EMV terminals will rise from 1.5 million in 2013, to 12.4 million by 2017.
  • That means that EMV penetration will increase from 14 percent in 2014 to 87 percent by 2017.
  • EMV terminal penetration will grow fastest between 2013 and 2015, rising 43 percentage points from 14% at year-end 2013 to 57 percent over the course of 2015. Large merchants like Home Depot and Target will drive this growth as they make upgrades across all of their stores.
  • Between 2015 and 2017, penetration will increase more slowly, growing from 57 percent to 87 percent — 30 percentage points. Growth in penetration will slow as the remaining smaller merchants — who have less resources and therefore are less likely to make frequent terminal upgrades — begin to adopt the standard.
  • The number of non-EMV terminals will drop from 9.2 million in 2013 to 1.9 million by 2017.

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