Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
CO-OP EMV Test Successful
RANCHO CUCAMONGA, Calif. (4/23/13)--CO-OP Financial Services received its Europay-MasterCard-Visa certification with Visa, following a successful test with a credit union's global membership.

EMV-enabled Visa debit cards functioned successfully in at least six countries for members and staff of Bank-Fund Staff FCU, Washington D.C., with online transaction processing performed by CO-OP Financial Services. 

"CO-OP is developing EMV technology in a phased approach and we expect to make our online EMV debit solution generally available to clients later this quarter," said Stan Hollen, CO-OP Financial Services president/CEO.

The credit union tested CO-OP's Phase I processing solution of online EMV transactions from a contact EMV card.

The credit union serves employees and family members of World Bank and the International Monetary Fund. 

The credit union issued 11 EMV-enabled Visa debit cards to members and staff during the pilot, which extended from late December to early April. This is the first step in the credit union's overall EMV strategy.

Staff members used the cards in the United Kingdom, France, Spain, Romania, Peru and Uruguay."


RSS print
News Now LiveWire
FHFA today announced it's extending comment deadline for guarantee fees Fannie, Freddie charge lenders to Sept. 8.
10 hours ago
The 2014 @CUwomen Forum was held in Gold Coast, Australia yesterday during @WOCCU 's World CU Conference.
13 hours ago
.@CFPB obtains $92M in debt relief from Colfax Capital Corp. http://t.co/QPZAeCAcy2 See also: http://t.co/Kjf4HHkINW
14 hours ago
Julian Castro was sworn in as 16th secretary of @HUDgov Dept. of Housing and Urban Development Mon.
14 hours ago
.@CUNA's Chief Economist @SchenkMike talks consumer confidence--at highest levels since 2007 w/ @TheStreet @JoeDeaux http://t.co/JyoYQmhAxc
14 hours ago