ST. PETERSBURG, Fla.—It was standing-room only in an EMV-related breakout session at the 2015 CSCU Solutions conference here Thursday as nearly 40 credit union executives piled into a small meeting room to ask questions, compare notes and vent frustration.
At issue for most was the looming liability shift deadline in October, which will move the liability for some card fraud to merchants. Due to a variety of circumstances, many credit union executives, including the ones at the session, are worried that they won't be ready with cards and equipment in time to meet the deadline.
And there are real questions about whether everybody else will be able to meet the deadline, too. Connie Davis, senior director of North American retail payments for FIS, advised the executives in the room today to make sure their credit unions are in the queue with their EMV equipment and card vendors.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
