Fiserv has hired Jamie Topolski, an executive with experience in bank payments technology, to oversee emerging payments and EMV-chip card implementation at the Brookfield, Wis.-based financial services technology company.
Topolski will serve as director of alternative payment strategies for the Output Solutions division at Fiserv. Consumer concerns about card fraud and the looming deadline for the EMV conversion in the U.S. make it a critical time for fraud protection, Topolski said in an Aug. 18 press release.
The card networks set an October 2015 for most companies to be able to handle payments from EMV-chip cards, which improve security over magstripe cards. Those that miss the deadline face an increase in fraud liability.
"Financial institutions need to begin planning now for the migration to EMV chip cards," Topolski said. "The number of card options available and the many decisions to be made can be overwhelming."
Topolski previously served as a senior product manager for commercial cards at JPMorgan Chase for two and a half years, and managed EMV programs and Internet products at Discover Financial Services for 11 years.
Fiserv clients will benefit from Topolski's "deep industry expertise" with chip-card deployments in Europe, Asia and South America during his tenure at Discover, said Jorge Diaz, president of Output Solutions at Fiserv, in the release.