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Contactless payment (Image: Shutterstock).

Four years after the EMV liability shift, credit unions and other financial institutions are getting ready to embrace another wave of change in card technology: The move to contactless.

Contactless cards transmit payment transaction data when they are within a few inches of an enabled point-of-sale terminal, eliminating the need to swipe or insert the card. “Going contactless” isn’t as easy as it sounds, though – for credit unions and other card issuers, adapting to the new technological ecosystem takes time, money, planning and the right people. Here’s how two credit unions went contactless and what they said other credit unions need to know about going down the same path.

Tina Orem

Credit Union Times

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