Mobility Matters is by veteran tech reporter Robert McGarvey. This week's topics include the credit union difference on RDC fees and an NFC update.
Visa USA has reported that U.S. financial institutions have issued more than one million credit and debit cards that use information on embedded computer chips to validate transactions instead of magnetic stripe technology.
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.
The purchase has been billed by Fiserv, already a leader in financial services technologies, as accelerating the company’s digital payments and channel strategies.
About half of the consumers interviewed in a recent national study said they would be interested in using electronic person-to-person payments, its sponsors said.