New system lets credit unions issue EMV cards to members in branches, helping increase card usage.
The $24 billion State Employees’ Credit Union is not waiting around for the widespread of adoption of chip and pin cards.
Some of the same tech advancements that credit unions are leveraging to attract and retain members are proving just as attractive to a less savory element.
PSCU Financial Services is joining in the EMV wave, rolling out new credit cards that carry both EMV chip-and-PIN security and traditional magnetic stripes.
PSCU Financial Services is now offering its 680 owner credit unions new plastic with EMV chip-and-PIN for overseas members.
That's according to people who make their living helping credit unions and other financial institutions accommodate new technologies and the compliance challenges that come along with them, as well as shape the rules themselves.
The $3.1 billion United Nations Federal Credit Union has become the first financial institution in the United States to issue chip and PIN credit cards.