In 2010, a number of companies began issuing pre-paid debit cards that incorporate Chip and PIN and allow Americans to load cash as euros or pound sterling. United Nations Federal Credit Union was the first United States issuer to offer Chip and PIN credit cards. In May 2010, a press release from Gemalto (a global EMV card producer) indicated that United Nations Federal Credit Union in New York would become the first EMV card issuer in the United States, offering an EMV Visa credit card to its customers. JPMorgan was the first major bank to introduce a card with EMV technology, namely its Palladium card, in mid-2012.