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Credit Unions and Banks Turning to Visa to Develop Mobile Wallet

Posted: Jul 20, 2016
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Author: Paul Castner

CSCU's Tom Davis Quoted in CU Journal on the Visa Digital Commerce App.

Tom Davis was quoted in an article on the Visa Digital Commerce App. Tom noted that CUs are constantly looking ahead to what payment methods will be available in the future, like Bluetooth-low energy, suggesting that it would be disadvantageous for CUs to attempt to be on the edge of innovation themselves when it comes to payment platforms.

http://www.cujournal.com/news/technology/credit-unions-and-banks-turning-to-visa-to-develop-mobile-wallet-1026175-1.html

Why CU's Need An Evolving Mobile Payments Strategy

Posted: Jul 20, 2016
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Author: Paul Castner

Bob Hackney Article on Mobile Payment Strategy Featured on CU Today

CU Today featured an editorial article from Bob Hackney, president of CSCU, on why credit unions need an evolving mobile payments strategy. “Credit unions must have a strategy that reflects these trends and positions you to retain and attract members in the future.”

http://www.cutoday.info/THE-tude/Why-CUs-Need-An-Evolving-Mobile-Payments-Strategy-Today

Mobile Payments Competition Likely

Posted: Jul 19, 2016
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Author: Paul Castner

Tom Davis Quoted in CU Today Series

In the first of the series, Tom Davis of CSCU, is quoted as saying: “Credit unions need to be on their toes here,” he said, addressing loyalty and incentive programs. “You need to incent with a purpose to make sure you drive the behaviors you want from your cardholders.”  In the second of the series, Davis cited advantages to retailers having their own proximity wallet that can be used seamlessly between online and point of sale purchases, driving greater customer loyalty.

 

http://www.cutoday.info/THE-feature/Walmart-Pay-Signals-Mobile-Payments-Competition-Likely-Increasing

http://www.cutoday.info/THE-feature/Will-Walmart-Pay-Hurt-Mobile-Payments

  

CUNA: User experience paramount for CU's in new payments era

Posted: Jul 19, 2016
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Author: Paul Castner

Tom Davis of CSCU Says Credit Unions Should Focus on Building a Better Mobile User Experience for Members

Consider this: Facebook is a $236 billion company, and it offers no original content. The rental website AirBnB is capitalized at $10 billion and doesn’t own an inch of real estate. Uber is worth $40 billion and doesn’t own a single vehicle. What these firms specialize in is user experience, and that is among the future strategic considerations credit unions should prioritize, said Tom Davis, senior vice president of Card Services for Credit Unions. Davis spoke Wednesday during the first day of the 2016 Credit Union National Association Payments Roundtable in Salt Lake City.

 

 

Why Card 'Fees' Is A 'Four-Letter Word'

Posted: Jul 19, 2016
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Comments: 0
Author: Paul Castner

According to CSCU Sr. Portfolio Consultant, Dean Knudtson

Fees is not a four-letter word, according to one analyst, who says that’s just a fact credit unions are going to need to come to grips with as debit interchange—a big piece of CU non-interest income—is going away.“If you are not seeing 15% of your card revenue from fees, there is opportunity,” said Dean Knudtson, senior portfolio consultant at CSCU.

 

http://cutoday.ssd.thinkcreativeinternal.net/THE-boost/Why-Card-Fees-Is-A-Four-Letter-Word?


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