The ATM International Association said last week's ruling against the Federal Reserve's debit interchange regulations could delay converting ATM networks to handle debit cards embedded with chips.
U.S. District Court Judge Richard Leon's decision said David Tente, executive director, USA for ATMIA, “could completely stall progress toward development of the debit solutions necessary for the vast US EMV migration. With one liability shift passed and others looming in the near future, we're already seeing that the court's action has created a heightened level of confusion in the industry.”
Related:
- Judge Throws Out Fed's Debit Cap
- CUNA, NAFCU Assail Ruling
- Ruling Could Force CUs to Add Processors
- Aug. 14 Hearing Set on Cap Ruling
The ATMIA said it now represents ATM deployers, manufacturers and networks in 60 countries.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
