Oberthur Technologies will provide the SECU with the technology needed for its EMV migration.
The 1.6 million debit cardholders of the SECU will migrate to EMV technology, starting from March, with a completion target date for late 2011.
SECU Card Services department senior vice president Leanne Phelps said that the EMV technology enables the credit union to offer members increased fraud protection along with stress-free use of their card worldwide.
Oberthur Technologies managing director of the Americas Region for the Card Systems Division Martin Ferenczi said State Employees’ Credit Union is among the first in the country to bring EMV technology to its members – an important step in closing the gap in security payment standards between the US and the rest of the world.
