Oberthur Technologies Provides EMV Chips for SECU Debit Cards

  • Feb 22, 2011
State Employees' Credit Union (SECU) has incorporated EMV (chip) technology to its debit card portfolio, making it one of the first financial institutions in the country to add the microchips for increased transaction security over traditional magnetic stripe cards. Oberthur Technologies will provide the non-profit cooperative with the technology needed for its EMV migration. While there is widespread adoption of the new technology worldwide, virtually none of the more than one billion chip cards in circulation are in the United States.

Chip cards securely store and process data efficiently.  The cards are also more difficult to copy, providing enhanced security against lost, stolen and counterfeit card fraud.  As the next evolution of electronic payments, the EMV technology cards are helping to make the payment system even more secure.  SECU will begin its migration in March, with a completion target date for late 2011.

Leanne Phelps, senior vice president of SECU's card services department states, "SECU's goal is to provide products and services which offer enhanced value and protection.  The EMV technology enables us to offer members increased fraud protection along with stress-free use of their card worldwide."

"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," said Martin Ferenczi, managing director of the Americas region for the card systems division at Oberthur Technologies.  "The credit union's members will join the hundreds of millions of cardholders worldwide currently using the EMV standard to help prevent identity theft and fraudulent financial transactions."


Featured

  • Cost: Reactive vs. Proactive Security

    Security breaches often happen despite the availability of tools to prevent them. To combat this problem, the industry is shifting from reactive correction to proactive protection. This article will examine why so many security leaders have realized they must “lead before the breach” – not after. Read Now

  • Achieving Clear Audio

    In today’s ever-changing world of security and risk management, effective communication via an intercom and door entry communication system is a critical communication tool to keep a facility’s staff, visitors and vendors safe. Read Now

  • Beyond Apps: Access Control for Today’s Residents

    The modern resident lives in an app-saturated world. From banking to grocery delivery, fitness tracking to ridesharing, nearly every service demands another download. But when it comes to accessing the place you live, most people do not want to clutter their phone with yet another app, especially if its only purpose is to open a door. Read Now

  • Survey: 48 Percent of Worshippers Feel Less Safe Attending In-Person Services

    Almost half (48%) of those who attend religious services say they feel less safe attending in-person due to rising acts of violence at places of worship. In fact, 39% report these safety concerns have led them to change how often they attend in-person services, according to new research from Verkada conducted online by The Harris Poll among 1,123 U.S. adults who attend a religious service or event at least once a month. Read Now

  • AI Used as Part of Sophisticated Espionage Campaign

    A cybersecurity inflection point has been reached in which AI models has become genuinely useful in cybersecurity operation. But to no surprise, they can used for both good works and ill will. Systemic evaluations show cyber capabilities double in six months, and they have been tracking real-world cyberattacks showing how malicious actors were using AI capabilities. These capabilities were predicted and are expected to evolve, but what stood out for researchers was how quickly they have done so, at scale. Read Now

Most   Popular

New Products

  • A8V MIND

    A8V MIND

    Hexagon’s Geosystems presents a portable version of its Accur8vision detection system. A rugged all-in-one solution, the A8V MIND (Mobile Intrusion Detection) is designed to provide flexible protection of critical outdoor infrastructure and objects. Hexagon’s Accur8vision is a volumetric detection system that employs LiDAR technology to safeguard entire areas. Whenever it detects movement in a specified zone, it automatically differentiates a threat from a nonthreat, and immediately notifies security staff if necessary. Person detection is carried out within a radius of 80 meters from this device. Connected remotely via a portable computer device, it enables remote surveillance and does not depend on security staff patrolling the area.

  • Compact IP Video Intercom

    Viking’s X-205 Series of intercoms provide HD IP video and two-way voice communication - all wrapped up in an attractive compact chassis.

  • 4K Video Decoder

    3xLOGIC’s VH-DECODER-4K is perfect for use in organizations of all sizes in diverse vertical sectors such as retail, leisure and hospitality, education and commercial premises.