As discussed in the Industry box, credit and debit cards are being replaced with the more secure EMV cards. Research the current status of EMV cards in the United States. Are financial institution and store now liable for the fraud if they do not have EMV-capable payment terminals? Do EMV card today also contain magnetics stripes? If not, have there been any cases of an EMV card being used for fraudulent transactions? If so, how was the fraud carried out? How does the security of EVM cards at retail stores compare with mobile payment options such as Apple Pay? Which do you prefer to use and why?