Payment technology

EFT Source to bring on Dmitry Tarusov to spearhead EMV initiatives

EFT Source Logo 1EFT Source announced at the BAI Payments Connect forum that it will bring on EMV expert Dmitry Tarusov, a former analyst at Giesecke at Devrient, to spearhead the company’s EMV initiatives to implement chip-based payment cards in the U.S.

Tarusov, an expert in payment systems, chip cards and EMV implementation, joins EFT Source as it prepares its clients for migration to EMV standards. Last year, MasterCard announced its October 2015 liability shift date.

During Tarusov’s time at Giesecke & Devrient, he created new card payment products, and before joining the technology provider, he served as the leading EMV expert for Threshold Financial Technologies—a full-service provider of payments processing and ATM managed services solutions—where he was responsible for the company’s EMV implementation.

Additionally, Tarusov led the MasterCard ATM acquiring certifications for all Threshold ATMs, including Diebold, NCR, Triton and Wincor Nixdorf.

“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,” EFT Source President Bill Dinker said. “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.”

Tennessee-based EFT Source was established in 1977 and provides financial institutions with turnkey card solutions and personalization of ATM and debit cards.

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