The recent arrests in New York related to what some have called the biggest counterfeit credit card scheme in U.S. history prompted some observers to suggest that recent actions in the U.S. to adopt chip card technology could put an end to such crimes.

But even in the best-case scenario, it would be several years before EMV chip-and-PIN technology, which would block most counterfeit card crime, could make a meaningful dent in card-skimming crime, card-security experts say.

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