US Bank providing EMV (chip/pin), NFC (contactless pay) to FlexPerks customers

Discussion in 'Other Credit Card Programs' started by jbcarioca, Jun 14, 2011.  |  Print Topic

  1. jbcarioca
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    jbcarioca Gold Member

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    http://www.pymnts.com/u-s-bank-firs...ment-solution-for-international-travelers-br/

    There have been a few articles about this during the last week. This one, from Payments.com last night, is the first with all the details. The manufacturer, Oberthur, is one of two large suppliers of smart cards. US Bank also says they'll roll this out to all their rewards card holders, but the 20,000 FlexPerks customers will be first.

    There now are a small flood of US issuers jumping in to EMV, but manufacturers (Oberthur and Gemalto) must ramp up production to handle the volume of card replacements that will be needed for major US EMV card issuance.

    This is excellent news!
     
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  2. MSPeconomist
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    MSPeconomist Gold Member

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    It seems surprising that USBank only has 20,000 FlexPerks customers. I wonder how many they had when it was the NW WorldPerks card, when even their own staff could not get the annual fee waived?
     
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  3. jbcarioca
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    jbcarioca Gold Member

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    The actual quote is that "20,000 Flexperks customers..." I surmise there are many more but that the rollout is limited. The mix of technologies crammed into this card presents some scaling issues, to be sure. Soem in the industry press question the viability of scaled implementation of both NFC and EMV on the same card. We will soon know.
     
  4. HaveMilesWillTravel
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    HaveMilesWillTravel Gold Member

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    Finally a reason to hang on to that card.
     
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  5. bakedpatato
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    bakedpatato Gold Member

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    NFC eh? Would've been cool if they partnered with Google Wallet.
     
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  6. jbcarioca
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    jbcarioca Gold Member

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    They went with Visa payWave which will have broader merchant acceptance than Google Wallet at the beginning. There are now about a dozen different technologies/brands competing for the space. Visa and MC undoubtedly have the early advantage but who knows what will happen later?
     
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  7. bakedpatato
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    bakedpatato Gold Member

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    True. I'm betting on google though, but time will tell.
     
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  8. jbcarioca
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    jbcarioca Gold Member

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    It takes a brave person to bet against Google. I'll not do that. There is plenty of room for several players so Visa payWave should also be very successful.
     
  9. cliburn
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    cliburn Gold Member

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    Given they charge foreign exchange fees this news does not matter to me..... I want a chipped card that waives forex fees.
     
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  10. jbcarioca
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    jbcarioca Gold Member

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    That, plus the silly chip/signature idea makes it and most of the other US cards so far, nonstarters. None of them will work in unattended sites, such as fuel stations and vending machines, all of which demand a pin.
     

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