MasterCard: Payments Disruption, Record Innovation, And Number Of Re-issued Cards Exceeds Number Of Americans

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Image source: Article

Saying the payment space is undergoing a period of disruption and innovation not seen since plastic cards were introduced, one MasterCard executive encouraged CUs to stay abreast of all the change and get involved in digital wallets that are emerging.

Tim Murphy, general counsel and chief franchise officer for MasterCard, also encouraged CUs at NAFCU’s annual meeting here to actively move forward with EMV, saying about 50% of merchant terminals and 50% of all cards will be EMV compliant by the end of the year.

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