ST. PETERSBURG, Fla. — Robert Hackney, CEO of Card Services for Credit Unions, urged credit union card executives attending the organization's 2013 annual meeting to pick up the pace on educating their members and themselves about changes in the payments space.
Rushing down the pike toward credit unions, Hackney said, are significant changes and developments in both credit and debit cards outfitted with EMV chips, as well as mobile payments.
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Speaking about the shift to EMV cards over those that use only magnetic stripes, Hackney said that CUs have 30 months to get their EMV decisions made and cards issued before the deadlines Visa and MasterCard have set for the shift.
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