Recent announcements from Visa and MasterCard have set the stage for the U.S. implementing EMV/chip cards.
Each has announced their roadmap, along with key policy requirements, incentive programs and deadlines. All are intended to drive the industry to widespread EMV adoption by Oct. 1, 2015.
Between now and then, all stakeholders in the payments value chain, including credit unions, will need to roll up their sleeves and face new challenges to reach that goal. That means not only upgrading physical infrastructure, but also collaborating with one another to ensure a smooth transition and seamless cardholder experience.
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