U.S. Military members in Germany can have more confidence in their payment options now. Datacard Group’s CardWizard issuance software is now being utilized at Service Credit Union. The new Europay, Mastercard, Visa (EMV) smart payment cards can be issued immediately through instant issuance.
Service Credit Union has been using Datacard’s software for years. However, now they see how important EMV smart cards can be for their customer’s convenience. Since the U.S. military members who are based in Germany were having issues with their magnetic striped cards, the credit union added EMV to make sure that their cards are always accepted.
Ron Zanotti, regional vice president of financial issuance for Datacard Group has recently said that it’s only a matter of time before all banks begin to migrate to EMV payments. According to him, the sooner financial institutions can make the switch to EMV, the better. EMV cards not only allow users to pay on a more global scale, but they also help to keep finances more secure.
Datacard Group now has more than 200 EMV solutions that have been installed globally. With Mastercard and Visa’s recent announcement that they will also be heading towards EMV migration, payment security can now increase.
According to Info Security, Jim McCarthy, the head of Visa products, has said that there is a growing demand for higher payment security. That’s why Visa is now expanding their capabilities in order to create a new environment for electronic payments. Mastercard also has their plans to make payments more secure with EMV’s fraud-resistant algorithms.
Many more are sure to follow as the public continues to demand higher quality methods of payment. Ask Capture Technologies how your financial institution can change it. Call us to find out more information on EMV.