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.
CUNA wrote in support of legislation Monday that is a step forward in addressing the threat of litigation under the Americans With Disabilities Act, urging legislators to consider how credit unions are being impacted by frivolous litigation.
After weeks of hurricanes, and now wildfires, it’s more important than ever for credit unions to be prepared for disasters. Federally insured credit unions are required to have disaster recovery and business resumption plans.