U.S. Bank to launch America’s first dual interface EMV credit card
10 June, 2011
category: Contactless, Digital ID, Financial
U.S. Bank, together with Visa and Oberthur Technologies, has announced the release of a new dual interface payment card combining Visa PayWave contactless technology, EMV chip and magnetic stripe.
Designed to be compatible with all credit cards systems around the world, the U.S. Bank FlexPerks Travel Rewards Visa credit card will be the first dual interface EMV card introduced in America, says U.S. bank.
As the global standard for credit and debit payment cards based on chip card technology, EMV is currently used by over one billion customers outside of the U.S., according to U.S. Bank.
Manufactured and personalized by Oberthur, the new cards will be introduced to more than 20,000 U.S. Bank FlexPerks Visa cardholders this month, with plans to expand the offering to other travel reward cardholders in the coming year.