CSCU Conference: Chip Cards Remain Expensive Choice
ST. PETERSBURG, Fla. — While the long-term payments future remains optimistic for credit unions, the 2013 annual conference of Card Services for Credit Unions revealed the immediate payment path continues murky and expensive as ever.
The organization held its conference from April 24-28 at the Renaissance Vinoy Resort.
CSCU Robert Hackney noted the changes looming and urged the credit union card executives attending conference to pick up the pace on educating their members and themselves about the changes coming.
Speaking about the EMV shift, Hackney said that CUs have 30 months to get their EMV decisions made and cards issued before the coming liability shift urged them to appoint someone to take on the task of monitoring and organizing the shift in their institutions.