The end result in credit card fraud is purchasing something and using a mule to send the fraudulently purchased item to a fencer, who sells it for cash. Having

The end result in credit card fraud is purchasing something and using a mule to send the fraudulently purchased item to a fencer, who sells it for cash. Having a requirement that all vendors use chip-enabled cards simply increases the cost of producing each cloned card; so the goal is to raise the cost of committing the fraud. At least that is my understanding.