How NOT to Deal with Credit Card Fraud: A Case Study

[mwooldri]

13. I'm certain small hometown banks can have chip cards and better fraud tools through outsourcing.

There's lots of small credit unions that offer these kind of features and probably don't have anywhere near as much money as a hometown bank. Yet they can get you a checking account with a debit card, and they'll probably offer a credit card as well. You'll get access to your account online and have billpay... and there are these kind of companies that can handle it all for a credit union. I'm sure there's something similar for banks.

So if small hometown banks do outsource to a particular company and in large enough number the cost to roll out EMV can be shared around and banks like Nortera can offer the same features as the big banks do.