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.