In reply to inthebiz.

Acquirers supporting P2PE and merchants actually using it are two vastly different things. PAN data on EMV chip transactions with physical cards is in the clear. PAN data can be used to commit online fraud. This is one of the many reasons online fraud goes up in chip countries. Further, EMV cards have magstripes. Magstripes can still be skimmed, cloned, and used in non-chip terminals (internationally).
So, online fraud has increased across the board in chip countries, while f2f fraud has dropped significantly in those regions. I have not seen a single study that shows online fraud goes down as well. Even EMVCo says that online fraud goes up.
EMV, as a standard, paves the way (now) for the use of payment tokens which will reduce online fraud if widely adopted...allowing consumers to pay using merchant apps on phones and tablets with authenticated requests and dynamic data. It's going to take time to lay the pipes to support full chip data online and that's the reason why the 3DSecure rails re being used for now to pass dynamic data.