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Paul AlbrightEMV migration is going to be an expensive endeavor for credit unions.

Card issuance will require licensing of authentication IDs, and production of new plastics will now cost two to three times more than magnetic stripe cards. ATMs will also need new hardware and software. On top of all of this, credit union members will need to be educated on the new payments process.

Fortunately, there are ways to reduce costs and frustration during implementation. Here are a few to consider.

 

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