PenFed Introduces New Contactless Credit, Debit Cards

TYSONS, Va.—PenFed Credit Union has rolled out new contactless Visa cards across its credit and debit portfolio, giving members the ability to tap to pay at checkout.

“Beginning this month, PenFed members benefit from a fast, easy and secure checkout experience, saving valuable time by completing transactions with a single tap of their contactless Visa credit and debit cards,” the CU said.

Contactless Visa credit and debit cards will be offered to new PenFed members and on an ongoing basis to current members as their cards are up for renewal or replacement.

“As a credit union, we are committed to bringing our members the best and most innovative products. That’s why PenFed made it a priority to bring the contactless feature to our credit and debit card portfolio so that cardholders can operate with efficiency, speed and security whenever they use cards,” said John Kelly, executive vice president of consumer banking at PenFed Credit Union. “We are proud to lead the way and stand toe-to-toe with the nation’s leading financial institutions as one of the first credit card issuers in the country to make this feature available to our members.” 

‘Taking Pride’

“At PenFed, we take pride in providing our members with the best service and technology available. The release of the contactless credit cards comes at a time when we’re focusing on digital innovations and helping our members make purchases in the most convenient ways,” said James Schenck, president and CEO of PenFed Credit Union and CEO of the PenFed Foundation. “Visa has been a longtime partner of PenFed and we’re thrilled to collaborate with them on this new product rollout.”

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