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Service CU Already Providing EMV Smart Cards
PORTSMOUTH, N.H. (2/19/13)--Service CU in Portsmouth, N.H., is providing Visa-branded Europay, MasterCard and Visa (EMV) smart cards to U.S. military members stationed in Germany. Meanwhile, the U.S. still is moving toward adoption of the EMV chip-card standard.

Service CU has 17 branches near military bases in Germany and 23 U.S. branches. Some overseas members have had difficulty overseas using magnetic stripe cards--the prevailing technology in the U.S. (PaymentsSource Feb. 14). The EMV cards have better security and fraud-prevention standards than magnetic stripe cards.

The $2.15 billion asset Service CU is using CardWizard software, an instant card-issuing program, to issue its EMV cards. The software interfaces with a credit union's core banking application, network processors and data-prep systems, which allow card development and personalization to be built into Service CU's existing card-issuing environment, said PaymentsSource.

The new cards issued by Service CU work at all Visa-accepting retailers and are magnetic stripe and EMV compliant. In Germany, EMV cards will be the primary ones issued, while U.S-based members will have a choice.

In line with card network-imposed deadlines and other technology shifts, it is anticipated that the U.S. migration to EMV will take a few more years, said PaymentsSource.

In the meantime, issuers such as United Nations FCU in Long Island City, N.Y., will offer EMV cards for travelers, the publication said.
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