It's roughly 14 months away, but payment CUSOs are urging credit unions to get going on the measures needed to meet the October 2015 EMV chip implementation deadline. Most aren't, experts say. Another lag in adoption can also be found among tablet mobile banking apps with mostly only larger credit unions prepping for that shift.
Credit Unions Lag as EMV Deadline Approaches: Experts estimate fewer than 50% of card-issuing credit unions will have EMV-equipped credit and debit cards ready by October 2015.
Tablet Mobile Banking Apps Forge Next Frontier: Credit unions debate whether exclusive tablet apps are worth the resources.
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