Local credit card manufacturer EFT Source has recruited an expert in chip-based payment cards to help it prepare for the U.S. rollout of that technology, which looks to be gathering steam in the wake of the data breaches at Target and elsewhere. Dmitry Tarusov comes to the company from German company Giesecke & Devrient and also has worked at Threshold Financial Technologies.
“The recent data breaches have increased the discussion around EMV and created a new sense of urgency for its implementation, however there is still no step-by-step plan in place and many unanswered questions,” said Bill Dinker, president of EFT Source. “Dmitry’s experience and comprehensive knowledge of EMV and its outlying considerations offset the unknown. His expertise will be invaluable to us and the customers we serve as the industry’s migration approaches.”