ST. PETERSBURG, Fla. — Three credit union clients of FIS willbegin issuing EMV chip enabled cards later this year as part of apilot program with the new technology, according to an FISexecutive.
|RobertBream, president of FIS' North American Card and PaymentSolutions, revealed the existence of the three Friday in responseto a question at the annual meeting of Card Services for Credit Unions, the association of creditunions that process payments with FIS.
|Bream said he could not recall whether the three would issuecredit or debit cards, noting that he had not been prepared tospeak in detail on the topic. A total of five card issuerswill be part of the pilot, he said.
|Once the rollout occurs, the number of credit unions issuing thechip cards will grow to at least five. United Nations FCU in New York and State Employees' Credit Union in Raleigh, N.C., already havesaid they will begin issuing the cards, which carry securityprotections now widely used in Europe.
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