Executives from 56 credit unions have sat through PSCU-hosted,six-hour long sessions on the arrival of smart chip cards inpayments, the big payments CUSO said.
|The topics covered around EMV cards include thedifferences between offline and online EMV, ATM EMV processing, thestate of the industry on debit EMV, certification procedures andcard reissue strategies, the CUSO said.
|“Through these roadshows, we're helping our credit unionsoutpace the competition with solutions that mitigate fraud, enablegreater spending convenience for international travelers and pavethe way for future mobile payments innovations,” said Tom Gandre,chief operating officer at PSCU inSt. Petersburg, Fla.
|“We have to be aggressive on this front because the benefitsfrom reductions in fraud claims and losses, together with theappeal of EMV to specific member segments, have significant valueto our credit unions. EMV is happening and getting ready is amatter of when, not if,” Gandre said.
|So far, the CUSO has hosted sessions for executives inMinnesota, Arizona and Virginia. Additional seminars this year willbe held in Chicago, San Francisco and Nashville, Tenn., PSCUsaid.
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