Mark Warner actually said...

I would only point out, as I dug into the data on the U.K., when we saw chip and PIN and face-to-face transaction fraud drop dramatically, it was like squeezing a balloon, and you saw online fraud in the U.K. shoot up, I think something like 30 percent.

Context

Warns that chip and PIN may shift fraud to online platforms.

02/02/2014

https://www.congress.gov...

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