The Credit Union Times reports that Public Services Credit Union is now offering its 680 member-owner credit union base new credit cards that carry both EMV chip-and-PIN security and mag-stripes.
The new cards are focused at U.S. credit unions that have large overseas membership.
The GlobeTrek Visa Rewards credit card will offer the same rate and rewards as the CU’s current platinum card, according to a company press release, but will combine an EMV chip with PIN authentication for use at unattended kiosks and ATMs as well as POS locations.
“Offering EMV cards with PIN approval allows credit unions to compete effectively with large international banks. This card is a significant advantage for our credit unions that serve government, military or professional members who travel internationally,” said Michael Kelly, president/CEO at PSCU in St. Petersburg, Fla.
For more information on this topic, visit our EMV research center.
