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Your members may not realize it yet, but starting October 1, all cardholders will have a new credit or debit card equipped with an embedded computer chip. This marks a sea change in the way U.S. credit unions and banks manage credit and debit card fraud. Stores, restaurants, bars and other merchants who historically completed transactions via the swipe-and-sign method are gearing up to accept chip cards, and risk-averse retailers may stop offering swipe-and-sign altogether – affecting your members’ way of paying for goods and services.Recommended Stories
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Resource Center
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Infographic
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Report
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