Payments companies are trying to fix the massive credit-card fraud problem with these 5 new security protocols

There is a massive credit card fraud problem in the US. Fraud cost US retailers approximately $32 billion in 2014, up from $23 billion just one year earlier. Much of the fraud problem is the result of the relatively weak security of credit and debit cards. To solve this problem, a new type of credit card with a microchip, called EMV, is being implemented -- but EMV won't be a panacea. It will cause fraud to migrate to other weaker points within the payments ecosystem. To solve the card fraud pr...