Credit Cards Launch Pad for EMV
Early stage adoption of EMV technology in the U.S. is being planned in phases between now and 2017 with a significant part of the migration starting in 2015. For credit unions, the best strategy at this juncture is to be fully aware of the plusses and minuses of EMV technology and be ready when management – and the market – are ready.
The time to begin formulating an EMV launch plan is now and we believe the best place to start is on the credit side of the EMV standard. That’s because the uncertainty swirling around EMV deployment on debit cards does not extend to credit due to several factors. For those credit unions with credit portfolios, starting the EMV migration with credit cards is the prudent way to embark.