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.
ST. PETERSBURG, Fla. — A panel of industry experts said EMV-equipped cards are not likely to make credit unions any money.
Credit unions and other debit card issuers moved significantly closer to being able to issue smart chip embedded debit cards last week when a key industry council announced its members reached agreement on a key software approach.
Industry work group agrees on common software approach for EMV cards in U.S. while CO-OP CEO recommends deployment wait.
Deciding when and how? Card Services for Credit Unions offers white paper on EMV chip-and-PIN cards.
Despite the documented ability of smart chips to cut fraud losses, experts say some credit unions and CUSOs have not moved very quickly to start issuing credit and debit cards enabled with the higher tech chips.
After years of steadily holding back support for embedding smart chips into U.S. issued cards, the largest card brand has announced it will now back the use of smart card technology in the U.S.
After years of steadily opposing embedding so-called smart chips in U.S.-issued cards, the largest card brand has reversed itself.