Trades say the bill lacks a provision for retailer financial liability.
CUNA, NAFCU and bank trade associations fire off a letter to leaders on Capitol Hill countering what they say are false retailer claims about data breaches.
For years, banks have issued fraud-prone mag stripe cards, putting information at risk, the letter from the National Retail Federation said.
California, Missouri leagues cite need for legislative, technology measures while Golden 1 replaces 67,000 cards.
Banner Federal Credit Union hopes the addition of new card technology will help draw more members and nonmembers to its 11 ATMs.
Converting the nation’s millions of cards, processing terminals and banking systems to EMV may take as long as a decade or more.
Change is in the cards, literally. Europay, MasterCard and Visa technology is coming to the United States and bringing with it a host of benefits for cardholders and issuers, including enhanced security and international compatibility.
Ever think about how tough it must’ve been to catch criminals in the Wild West, relying just on wanted posters and word of mouth?
WASHINGTON — Chip-and-PIN cards are more secure than traditional magnetic stripe cards, executives on a panel said at the Visa Global Security Summit on Wednesday.