United Nations Federal Credit Union and Gemalto Publicize Increased Member Spend with Chip and PIN Payment Card

+ 153 percent in card applications, + 382 percent in credit lines booked, + 20 percent for revolving balances, and, + 15 percent in overall purchases With some of the most highly mobile members in the world, residing overseas and frequently travelling internationally, UNFCU recognized the need for a universal, convenient and secure payment card. In October 2010, the Long Island City-based issuer became the first financial institution in the U.S. to introduce a credit card with the Europay MasterCard Visa (EMV) standard. As most countries move to this standard, U.S. travellers are increasingly at significant disadvantage using magnetic stripe bankcards abroad, especially in offline applications like taxis, unattended ticketing and payment kiosks. Their payment cards are often not accepted, according to consumers’ findings. Through the World Traveller program, Gemalto provides UNFCU with complete issuance service, including full card design, production and personalization. This program has aided UNFCU in serving members, particularly those located in the field and in extreme situations. For example, UNFCU reissued cards for members after the earthquake in Haiti. „“Having delivered hundreds of millions of EMV cards worldwide, Gemalto’s experience was critical in the success of our first-to-market EMV roll-out and has helped us achieve our goal of top wallet status,““ said Merrill Halpern, assistant vice president Card Services at UNFCU.““Demand is high for the added security and acceptance opportunities offered through the EMV payment cards.““ In response to members’ positive feedback, UNFCU is slated to launch another EMV credit card product in the first quarter of 2012 and will also expand its EMV functionality to all checking account holders with a new EMV debit card. www.gemalto.com About United Nations Federal Credit Union United Nations Federal Credit Union (UNFCU) is a member-owned, not-for-profit cooperative institution that serves the financial needs of the United Nations staff, UN Specialized Agencies, former international civil servants and their families globally. With members located in over 200 countries and territories, the institution takes great pride in living and breathing its mission, Serving the People Who Serve the World®. www.unfcu.com 

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