ST. PETERSBURG, Fla. — A panel of industry experts said EMV-equipped cards are not likely to make credit unions any money.
Card processor says chip-and-PIN worked for Bank-Fund Staff FCU members in six countries.
Card processor says it's the first to meet standards for MasterCard's liability shift program.
Credit unions and other debit card issuers moved significantly closer to being able to issue smart chip embedded debit cards last week when a key industry council announced its members reached agreement on a key software approach.
Industry work group agrees on common software approach for EMV cards in U.S. while CO-OP CEO recommends deployment wait.
Deciding when and how? Card Services for Credit Unions offers white paper on EMV chip-and-PIN cards.
Converting the nation’s millions of cards, processing terminals and banking systems to EMV may take as long as a decade or more.
MBL update, demographics are destiny, EMV coming at you, and more.
EMV Essentials site includes explanations of technology embedded in EMV cards already widely used overseas, as well as timeline for the liability shift through 2017.
Change takes effect Oct. 16, aimed at stimulating EMV adoption in U.S.