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.
Consumer Financial Protection Bureau Director Richard Cordray will step down from the agency by the end of the month after serving since 2013. CUNA President/CEO Jim Nussle said CUNA looks forward to a new era at the bureau, one that takes credit unions’ structure and purpose into account during rulemakings.