ST. PETERSBURG, Fla. — A panel of industry experts told a meeting of credit union card executives that cards outfitted with EMV smart chips are not likely to make any of their institutions any money.
EMV stands for Eurocard, MasterCard and Visa and is the recognized international standard for smart chips which are included on payment cards.
The meeting Friday was part of Card Services for Credit Unions' 2013 annual conference at the Vinoy Renaissance. CSCU is the association of credit unions that process payments with FIS.
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