Half of all payment cards in the United States now have chips, an EMV expert told CUNA member credit unions during a free webinar Thursday, which outlined the current chip card climate and had more than 330 attendees.
CUNA will host a webinar on recent changes to EMV, the technological standard for chip credit and debit cards, Sept. 22 at 1 p.m. (CT). The webinar will be led by one of the participants in EMVCo, the consortium that manages the technology.
Major card networks have announced changes to their chargeback policies, with the changes becoming effective in the coming weeks. The changes come as a result of complaints of ballooning chargebacks stemming from EMV migration.
Atlanta-based Arby’s restaurants has acknowledged a data breach involving approximately a number of its corporate-owned locations, reports Krebs On Security. The breach is estimated to have occurred between Oct. 25, 2016, and Jan. 19.
Federal Reserve Chair Janet Yellen testified before Congress this week, and her remarks match CUNA economists’ prediction of moderate economic growth in 2017. Perc Pineda, senior economist at CUNA, also predicted rate hikes this year.