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Jan Roche, president and CEO of State Department Federal Credit Union in Alexandria, Va., will testify for NAFCU in support of the "Data Security Act" during a House Small Business Committee hearing today on the EMV transition and what it means for small businesses.

Roche, also a NAFCU Board member, will discuss how credit unions are preparing for the new payments structure and how her credit union became an early adapter in the transition. She will also talk about how consumers remain protected in the new payments system, but that "successful protection of the payments system requires all parties to be actively involved."

The NAFCU witness will caution that EMV is not a "silver bullet" that can cure the broader problem of data security and will reiterate that "NAFCU urges Congress to modernize data security laws to reflect the complexity of the current environment and insist that retailers and merchants adhere to a strong federal standard in this regard."

Roche will urge Congress to support H.R. 2205, the "Data Security Act of 2015," bipartisan legislation introduced by Reps. Randy Neugebauer, R-Texas, and John Carney, D-Del. The bill would create a national data security standard that is flexible and scalable, does not mandate static technology solutions and recognizes those who already have a working standard under the Gramm-Leach-Bliley Act.

NAFCU is a member of the Payments Security Task Force, a diverse group of participants in the payments industry that is driving a discussion on payments system security. NAFCU is also a member of the Financial Services Sector Coordinating Council and the Financial Services Information Sharing and Analysis Center, which work on infrastructure cybersecurity.

The hearing, "The EMV Deadline and What it Means for Small Businesses," will be streamed live. It is slated to begin at 11 a.m. Eastern.