As credit unions learn more about new technology, they are some of the institutions leading the nation in the issuance of payment cards that use embedded computer chips to validate identity and secure transactions.
Recent announcements from Visa and MasterCard have set the stage for the U.S. implementing EMV/chip cards.
Coastal FCU offers Visa credit card with six months of zero interest.
PSCU has announced that it will take a lead in piloting distribution of MasterCard’s PayPass digital wallet services.
With a $10,000 grand prize presented by MasterCard at stake, three finalists have been named for the second annual CO-OP THINK Prize, created in 2010 to inspire innovative solutions to the issues confronting the credit union industry.
Card brand joins rival Visa in planning EMV technology adoption for U.S. cards.
mFoundry and MasterCard are preparing to offer cardholders the ability to use their smartphones for contactless payments.
MasterCard said its cardholders will soon be able to use their smartphones for contactless payments, using mobile banking technology from mFoundry.
The National ATM Council and assorted independent ATM deployers have filed an anti-trust suit against Visa and MasterCard.
PayPal gave merchants and others a peak at the new payments technology that, it said, will allow it to overcome the dominance of Visa and MasterCard at the point of sale.