NEW YORK – United Nations FCU, with members all over the world, yesterday said it has signed with Gemalto to provide its members with the first U.S.-issued, globally compliant microprocessor payment card.
The card will provide members a globally compliant Europay MasterCard Visa standard-based Dynamic Data Authentication contact and contactless dual interface card that can be used any time.
With most countries around the world moving to EMV-based payment for greater security, U.S. travelers are increasingly having trouble using magnetic stripe bank cards abroad, especially in offline applications such as taxis or unattended ticketing and payment kiosks. United Nations FCU is the first U.S. card issuer to provide a globally compliant payment card option to its members, who reside in as many as 210 countries.
Under Gemalto’s World Traveler program, the company will provide the credit union with complete issuance services, including full card design and production, data preparation, and personalization of the dual interface card, ensuring global acceptance and forward compatibility for both online and offline payment transactions.
The $3.1 billion credit union plans to roll out the card in the second half of the year.
Gemalto is based in Austin, Texas.
