Card processor says 62% of its client respondents cited fraud reduction and MasterCard/Visa liability shift for planned move away from mag stripes.
Watching other issuers implement chip and PIN could result in increased fraud exposure, attendees told.
Chip-embedded cards hit new milestone in U.S., major issuer announces.
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.
Wendy's exec says reduced fraud costs may not offset expense of creating POS system for chip cards.
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.