DENTON, TX (March 25, 2014) -- DATCU Credit Union is proud to announce that in the coming months they will be moving forward with the testing of Europay MasterCard® Visa (EMV) chip technology on all of their debit and credit cards. This very important technology utilizes a smart chip in conjunction with a magnetic strip and makes it more difficult for fraudulent activity to affect our members. It brings cardholders very significant security benefits.
The matter is of such vital importance to the credit union, that Melanie Vest, Executive Vice President and Chief Financial Officer, recently traveled to Washington D.C. where she met with U.S. Senator Ted Cruz, and U.S. Congressman Michael Burgess. EMV technology has been widely used in other countries, outside of the United States, since the 1990’s.
“The encrypted chip technology helps to prevent counterfeit card fraud which is a very significant issue in the U.S. We are all painfully aware of the impact that data breaches and other recent card compromises have caused in our nation. Moving forward with this is an important part of our efforts to protect our members. We are delighted to be the first community financial institution to implement this very important technology”, stated Dale Kimble, DATCU’s Chief Executive Officer.
DATCU Credit Union, founded in 1936, is a full-service, member owned, not-for profit financial institution. With a long-standing tradition of exemplary service, they currently serve over 75,000 members; Membership is open to anyone living or working in Denton, Cooke, Wise, Montague, or Clay Counties. All are invited to take advantage of the products and services the credit union offers. These include checking, savings, credit cards, multiple loan products, investment products, and insurance. To learn more about DATCU Credit Union, visit www.datcu.org or call 866-387-8585.