EMV confusion reigns

Tools

The major card networks should be applauded for their aggressive efforts to usher in EMV and bid farewell to porous magnetic stripes. But one industry insider said the move would be easy, coming as it does amid a lot of other changes at the payments level. "While the card networks have publicized the migration, there is still confusion, particularly down market among community banks and credit unions that don't have large compliance staffs and are also busy dealing with other card payment-related regulations," notes BTN. Article

 

 

Filed Under