ST. PETERSBURG, Fla. (5/28/15)--PSCU announced that it is the first credit union service organization (CUSO) certified to issue debit cards with EMV chip card technology on First Data’s Debit Solutions platform.
The CUSO worked with First Data, a global payment technology solutions company, on the certification and mass deployment process that will now be adopted in waves of PSCU member-owner credit unions nationwide beginning in June.
“By working closely with First Data, PSCU has established a process to ensure all of our member-owner credit unions are deployed on debit EMV quickly and consistently,” said Chuck Fagan, PSCU president/CEO. “Backed by proven implementation processes and support, we expect to see the first wave of member credit unions go live in the beginning of June, with others to follow soon after.”
In 2011, PSCU began deploying plastic cards incorporating EMV chip technology. It recently announced that it had surpassed the 1 million-mark for EMV credit card program deployments.
“With our focus on providing safe, secure transactions to all consumers, First Data is pleased to partner with PSCU and its member-owners to bring EMV to the U.S. marketplace,” said Andrew Gelb, First Data’s executive vice president of financial services. “The next several months will be critically important as financial institutions of all sizes transition to chip card technology, and we are ready to provide the support needed to navigate the EMV certification process.”