ATHENS, Ga.–A whitepaper discussing the implementation of EMV technology in the United States has been published by the Southeast Regional Credit Union Schools (SRCUS).
The paper was authored by a team of third-year students in the SE CUNA Management School program.
In this report, “EMV: Is it worth the cost?” authors explore the reasons consumers and financial institutions alike have not bought into the technology and if the upgrade of cards is worth what it costs.
According to SRCUS, the paper provides a thorough overview EMV and the technology that makes it work, and concludes with a discussion of the pros and cons of implementation. Although the cost and ease of use raise serious issues for financial institutions who are going to upgrade and gives a good starting point for those who oppose, the authors posit that the pros do outweigh the cons.
The team behind the paper included Allison Beckham, ArrowPointe FCU (Lancaster, S.C.); Robyn Blaylock, Monroe Telco FCU (Monroe, La.); Tina Farris, Family Trust FCU (Rock Hill, S.C.); and Kevin Langford, Georgetown Kraft CU (Georgetown, S.C.). Completion of the written project and an oral presentation of the research report is a prerequisite for graduation from the program. This team of students received recognition at the 2016 SE CUNA Management School graduation ceremonies in June for exceptional work on their whitepaper.
The free paper can be found at: www.srcus.org/management-school/student-white-papers/